Franchising Procedures Clarify and Disappoint

February 28, 2005 | BY

clpstaff &clp articles

After many years of anticipation and false starts, the PRC51s first comprehensive franchising legislation, the Administration of Commercial Franchising Procedures, was finally issued by the Ministry of Commerce (MOFCOM) with effect from February 1 2005.1

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By Neal Stender & Yan Zeng, Coudert Brothers LLP, Hong Kong, Beijing & Shanghai

Disappointingly, franchisors in the PRC now face tighter government regulation, more upfront investment, slower payback periods,