What is Franchising?

Franchising definition and meaning on Dictionary terms:
a privilege of a public nature conferred on an individual, group, or company by a government: a franchise to operate a bus system.
the right or license granted by a company to an individual or group to market its products or services in a specific territory.
a store, restaurant, or other business operating under such a license.
the territory over which such a license extends.

the right to vote: to guarantee the franchise of every citizen.
a privilege arising from the grant of a sovereign or government, or from prescription, which presupposes a grant.
Sports. the right to own or operate a professional sports team as a member of a league. a professional sports team. a player of great talent or popular appeal, considered vitally important to a team’s success or future.

a set of creative works and related merchandise that share a fictional world, as films, television shows, books, or games:the Star Wars franchise;the PokACmon franchise.
a legal immunity or exemption from a particular burden, exaction, or the like.
Obsolete. freedom, especially from imprisonment, servitude, or moral restraint.

verb (used with object), franA.chised,
to grant (an individual, company, etc.) a franchise: The corporation has just franchised our local dealer.