Franchisee definition:
The person who receives, for consideration, the license to right to sell a product or service and to operate a business along the lines developed by the franchisor and using the franchisor's trade name or other designation.
Franchise
(n) Franchise is the grand of a particular right, goodwill, brand name, property etc to a person or entity as per an agreement for a consideration. Eg. Franchise of Fast Food Chain.
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Franchise Tax: A tax levied in consideration for the privilege of either incorporating or qualifying to do business in a certain state. A franchise tax may be based upon income, assets, outstanding shares, or a combination.
Disenfranchise 1) To deprive a person of the rights of citizenship, especially the right to vote. 2) Generally, to deprive of a right, privilege, or power.
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CHARTER OF FRANCHISE - Obs. A document freeing a SERF; a document freeing a town.
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Franchise:
A franchise is a clone of a successful business. The franchisor has developed a system for reproducing his business (often right down to the last detail).
Franchise Law
the area of law revolving around the right or license that is granted to an individual or group to market a company's goods or services in a particular territory under the company's trademark, trade name, ...
franchise tax
n. a state tax on corporations or businesses.
fraud
n. the intentional use of deceit, a trick or some dishonest means to deprive another of his/her/its money, property or a legal right.
FRANCHISE: A business relationship in which an owner (the franchisor) licenses others (the franchisees) to operate outlets using business concepts, property, trademarks and tradenames owned by the franchisor.
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FRANCHISE. This word has several significations: 1. It is a right reserved to the people by the constitution; hence we say, the elective franchise, to designate the right of the people to elect their officers. 2.
Franchise tax
Definition - Noun
: a business tax imposed upon various corporations granted a franchise
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For example, a franchisee bought a doughnut franchise and opened up a small shop. He also bought a house for his family. Unfortunately, the business failed after a year, and he turned all of the equipment and materials back to the franchisor.
Letters patent (litterae patentes) are letters addressed by the sovereign "to all to whom these presents shall come," reciting the grant of some dignity, office, monopoly, franchise or other privilege to the patentee.
Business format franchising consists of selling a package of marketing experience and other business assistance to franchisees, who set up a business using the trade marks or service marks and the general get up of the franchiser.
Grants by the king of lands, honors, liberties, franchises, etc., are contained in charters or letters patent, that is, open letters: not sealed up, but exposed to view and addressed to his subjects at large.
See also: capital gains estate tax franchise tax gift tax income tax unified estate and gift tax use tax ad valorem
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A grantor is a person who grants something (typically, rights or real property). In a franchise agreement, for example, the party selling the franchise is the grantor.
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Intangible Assets: Items of personal property; examples; franchises, trademarks, patents, copyrights, goodwill.
Intangible Value: A value that cannot be imputed to any part of the physical property.
Charter: An act of a legislature creating a corporation and setting forth its franchise; also, a document defining the organization of a corporation.
Child support: A legal obligation to financially support one's child.
net profit after taxes A company's net profit before taxes, minus federal, state or local income or franchise taxes
net profit before taxes Net sales or total receipts of a business minus all expenses except taxes ...
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