View source for FRANCHISE NOT LRH

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== Definitions ==

1. a [[RIGHT|right]] or privilege granted by a [[GOVERNMENT|government]] or [[LAW|law]]-making [[BODY|body]] which gives a person or [[BUSINESS|business]] [[AUTHORITY|authority]] to do something or operate in a specific manner.

2. the right to sell a [[PRODUCT|product]] or [[DELIVER|deliver]] a [[SERVICE|service]] granted to a business by a manufacturer, [[PATENT|patent]] owner, copyright [[HOLDER|holder]], etc., usually in [[EXCHANGE|exchange]] for a percentage of the profits or a [[FLAT|flat]] [[FEE|fee]].