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Franchise vs Agreement - What's the difference?

franchise | agreement | Related terms |

As nouns the difference between franchise and agreement

is that franchise is a right or privilege officially granted to a person, a group of people, or a company by a government while agreement is an understanding between entities to follow a specific course of conduct.

As a verb franchise

is to confer certain powers on; grant a franchise to; authorize.

franchise

English

Etymology 1

From (etyl), from (etyl) . More at (l).

Noun

  • A right or privilege officially granted to a person, a group of people, or a company by a government.
  • * W. H. Seward
  • Election by universal suffrage, as modified by the Constitution, is the one crowning franchise of the American people.
  • An acknowledgment of a corporation's existence and ownership.
  • The authorization granted by a company to sell or distribute its goods or services in a certain area.
  • McDonalds has exported its franchise .
  • A business operating under such authorization, a franchisee.
  • A legal exemption from jurisdiction.
  • The membership of a corporation or state; citizenship.
  • The right to vote at a public election.
  • The district or jurisdiction to which a particular privilege extends; the limits of an immunity; hence, an asylum or sanctuary.
  • * London Encyc.
  • Churches and monasteries in Spain are franchises for criminals.
  • (sports) The collection of organizations in the history of a sports team; the tradition of a sports team as an entity, extending beyond the contemporary organization.
  • The Whalers' home city of Hartford was one of many for the franchise .
  • (business, marketing) The positive influence on the buying behavior of customers exerted by the reputation of a company or a brand.
  • *
  • *
  • *
  • The loose collection of fictional works pertaining to a particular universe, including literary, film or television series from various sources.
  • the Star Wars franchise
  • Exemption from constraint or oppression; freedom; liberty.
  • (Spenser)
  • (obsolete) Magnanimity; generosity; liberality; frankness; nobility.
  • (Chaucer)
    Synonyms
    * (business operating under franchise) franchisee
    Derived terms
    * franchisal * franchisee * franchise player * franchiser * franchise records * franchisor

    Etymology 2

    From (etyl) franchisen, fraunchisen, from (etyl) . More at (l).

    Verb

    (franchis)
  • To confer certain powers on; grant a franchise to; authorize.
  • (rare) To set free; invest with a franchise or privilege; enfranchise.
  • agreement

    English

    Noun

  • (countable) An understanding between entities to follow a specific course of conduct.
  • * {{quote-magazine, date=2013-07-19, author=(Timothy Garton Ash)
  • , volume=189, issue=6, page=18, magazine=(The Guardian Weekly) , title= Where Dr Pangloss meets Machiavelli , passage=Hidden behind thickets of acronyms and gorse bushes of detail, a new great game is under way across the globe.
  • (uncountable) A state whereby several parties share a view or opinion; the state of not contradicting one another.
  • (uncountable, legal) A legally binding contract enforceable in a court of law.
  • (uncountable, linguistics) Rules that exist in many languages that force some parts of a sentence to be used or inflected differently depending on certain attributes of other parts.
  • *
  • Having clarified what we mean by ‘Person? and ‘Number?, we can now return to our earlier observation that a finite I is inflected not only for Tense, but also for Agreement . More particularly, I inflects for Person and Number, and must ‘agree? with its Subject, in the sense that the Person/Number features of I must match those of the Subject.
  • An agreeable quality.
  • * 1650 , (John Donne), "Elegie XVII":
  • Her nymph-like features such agreements have / That I could venture with her to the grave [...].

    Synonyms

    * (An understanding to follow a course of conduct) concord, convention, covenant, meeting of the minds, pact, treaty * (A state whereby several parties share a view or opinion) congeniality, concurrence, harmony, accord * (A legally binding contract) settlement * concord * (An agreeable quality) amenity, pleasantness, niceness

    Derived terms

    * agreement coorporation * agreement in principle * Buttonwood Agreement * collective agreement * concession agreement * framework agreement * gentleman's agreement * heads of agreement * in agreement * interest rate agreement * knock-for-knock agreement * letter agreement * margin agreement * Multilateral Agreement * nondisclosure agreement * option agreement * partnership agreement * prenuptial agreement * purchase agreement * sales agreement * Schengen Agreement * security agreement * service level agreement * single union agreement * Smithsonian Agreement * standby agreement * standstill agreement * strike an agreement with * subordination agreement * subscription agreement * throughput agreement * tolling agreement * tripartite agreement * underwriting agreement * working agreement

    Hyponyms

    * (An understanding to follow a course of conduct) conspiracy

    See also

    * consent, approval

    See also

    * consensus * (wikipedia)

    Statistics

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