Term
|
Definition
| group of two or more persons or enterprises that acts through a common agent with respect to a common objective, such as buying or selling. |
|
|
Term
|
Definition
| artificial being created by government grant, which for many purposes is treated as a natural person. |
|
|
Term
|
Definition
| (1) privilege or authorization, generally exclusive, to engage in a particular activity within a particular geographic area, such as a government franchise to operate a taxi company within a specified city, or a private franchise as the grant by a manufacturer of a right to sell products within a particular territory or for a particular number of years; (2) right to vote. |
|
|
Term
|
Definition
| person to whom franchise is granted |
|
|
