(alsoarea franchise)COMMERCEanarrangementwhere acompanyallowsonepersonorbusinesstherighttosellitsproductsorservicesin aparticularareaorcountry:Amasterfranchisetypicallyinvolvescontrolof thefranchiserightsfor anentiregeographicalregion.(Definition ofmaster franchisefrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofmaster franchise
master franchiseYum! typically grant amasterfranchiseto a local operator, or take a stake in a joint venture between such a company and itself.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Additionally, amasterfranchiseallows the company holding the franchising permit to benefit from management talent and more and more accessible capital.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Themasterfranchisewill then be expected to sub-license new stores, provide training support and ensure operational standards are maintained.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.As of 2008,masterfranchiseagreements and co-branding remain the firm's main business.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.As themasterfranchisefor the continent, the company is responsible for licensing new operators, opening its own stores and performing standards oversight of franchised locations in that country.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.However, eachmasterfranchisewould have to comply with the relevant provisions of the trading schemes legislation.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0This regulation contained definitions of franchise andmasterfranchiseagreement.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0One specific setback of master franchises is that the increase in agency costs.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/master-franchise##
