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Conditions of franchising

Franchise is a trading activity in which a franchisor allow a franchisee to trade a product/service basing on business methods related to his/her trademark and take control of such franchisee’s business (Definition of Commercial Law)
Conditions for franchising:

- Conditions of franchisor

+ Business system that franchisor intends to assign has been operated for one year.

+ Franchisor has already registered the frachise to competent body

+ Goods, services that franchisor plans to assign are not categorized as forbidded-to-franchise objects

- Conditions for franchisee

+ Franchisee has business registration certificate matched with franchising object

Content of Franchise agreement:

- Content of commercial rights

- Rights, obligations of franchisor

- Rights, obligations of franchisee

- Franchise price, periodic fees and methods of payment

- Effect period of agreement

- Extending, terminating agreement and resolving disputes

» Franchise registration service
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