This law strengthens the administration of commercial franchising activities, regulates the order of the franchising market, and provides requisite application procedures.
New regulations on commercial franchises should contribute to making the mainland a much more accessible market for international franchisors. What are the new rules, and what questions regarding franchises remain unanswered?
The franchisor is required to disclose certain information to the franchisee in writing at least 30 days before the conclusion of franchise contract. A confidential agreement may be executed before information is disclosed.
Wen Jie and Richard Wageman discuss the development of the exponentially growing franchising market in China, against which the most recently promulgated franchising legislation is interpreted.
Wen Jie and Richard Wageman discuss the development of the exponentially growing franchising market in China, against which the most recently promulgated franchising legislation is interpreted.