| 单词 | franchise |
| 释义 | franchise franchise 1. a business arrangement whereby a trader allows anoth- er to use his business expertise and to utilise the goodwill of the busi- ness and perhaps share its intellectual property in return for fees and175 fraud commissions or a single price. The legal implications and documen- tation differ depending on the kind of franchise, but the arrangement produces money only because of the web of contractual documenta- tion. The self-employed businessman who is the franchisee pays more than the usual start-up costs but is likely to be able to succeed if the franchise is one that has proven to be successful. The franchisee does not require to have so many business skills as the usual start-up or first-time entrepreneur. 2. in England the LEGAL AID Board introduced a system of approving certain firms to offer legal aid, said to be franchised. The Board bene- fits from being able to impose efficiency controls, as does the lawyer by having greater flexibility over the granting of legal aid and better payment terms. It is not mandatory. Thus, solicitors can still offer legal aid even if they do not hold a franchise. |
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