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Simple English definitions for legal terms

corporate franchise

Read a random definition: Memorandum

A quick definition of corporate franchise:

A corporate franchise is a permission given by the government to a company to operate a specific business or exercise certain powers. It is like a special key that allows a company to do something that others cannot. For example, a public utility company may have a franchise to use certain property for a public purpose but for private profit. A franchise can also refer to the right given by a trademark owner to a person or entity to sell goods or services in a certain area. It is like a special permission to use a brand name.

A more thorough explanation:

A corporate franchise is a type of franchise that is granted by the government to a corporation, giving them the right to engage in a specific business or exercise corporate powers. It is also known as a general franchise.

For example, a government may grant a franchise to a public utility company, allowing them to use public property for private profit. Another example is a commercial franchise, where a corporation contracts with third parties to operate a facility that offers a particular brand of goods or services.

Overall, a corporate franchise is a legal agreement that allows a corporation to operate a business in a specific area or industry, with certain rights and responsibilities.

corporate entity | corporate immunity

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JumpySubsequentDolphin
12:57
@glovediedthisishismom: GNXXXX
babycat
12:59
I heard if you apply YM at Brooklyn specifically it’s the equivalent of like a 5 LSAT point boost
HopefullyInLawSchool
13:00
^^^^This
13:00
does anyone have any information on lsu? I have only heard of 1 person getting a decision and its driving me insane
HopefullyInLawSchool
13:01
Just info on their YM applications but nothing else
HopefullyInLawSchool
13:02
@BeFree03:
13:04
yeah thats all i am seeing as well. i have literally looked everywhere trying to find at least a time of day for decisions but theres nothing
CuriousPanda2362
13:04
I feel like it’s the calm before the storm
CuriousPanda2362
13:05
Big movement are bound to happen soon but it’s so eerily quiet
HopefullyInLawSchool
13:05
^^^^Me taking a dookie
CuriousPanda2362
13:05
Lmao
babycat
13:06
Ehh I think schools will prob release information on their YM applicants first before they even get to RD
babycat
13:06
I wouldn’t expect RD applicants to hear anything until after Thanksgiving bc they prioritize YM so heavily
HopefullyInLawSchool
13:06
I heard theyll do that at LSU but not 100% sure
2big2fail
13:09
berkeley status checker is so funny
13:11
berk today will be Huge if it happens
2big2fail
13:12
i think berkeley next wave will be in december
13:13
that is probable i just have a funny where i say “berk today” every single day
2big2fail
13:13
makes sense
@JumpySubsequentDolphin: TODAY IS OUR DAY also 1pm est or pst?
JumpySubsequentDolphin
13:14
YEAHHH SPLITTY. also PST
yo mama jokes will never not be funny
everyone trying to YM each other but no JM... damn :/
AHAHAHAAH
i'm lying in wait dw
if no gtown today i'm crashing out so bad yall don't even know
i will not be racist or say slurs tho unlike Some people
how bad on a scale of wild- evol bunny
HAHAHAH
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