Under a franchise arrangement, a person or company purchases the ability to run a local business under a larger company's brand. Depending on the franchise arrangement, the local party may have to meet certain standards established by the larger company and purchase products from the larger company as well.
Half-cock is when the position of the hammer is partially but not completely cocked.
Fig. to go into action too early or without thinking. (Originally refers to a flintlock or matchlock gun firing prematurely, before the trigger was pulled.) Don't go off half-cocked. Plan out what you're going to do. Bill went off half-cocked and told everybody he was running for the state legislature.