Franchising Procedures Clarify and Disappoint

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

17 minute readFebruary 28, 2005 at 11:58 PM

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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, increased disclosure duties and expanded liability.

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