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ADVOCATES FOR FRANCHISE LAW
Expert Corporate advocates in Advocate Saravvanan Rajendran law associates offer efficient legal services about Franchising. In fact, the Civil attorneys here cater to the clients both in India & abroad. Moreover, this is a popular law firm high in demand for our expert legal advice. There has been a tremendous growth in franchise Law system in India. Find the Best Advocates for Franchise Law.
Franchising has caused revolution in the Indian markets making the competition tough. Corporate sector find our innovative and impeccable services more profitable to their business. Some of the fields popular for franchising are Beauty & health , financial services & automobile sectors.
What is Franchising ?
Franchising is a business agreement between franchiser and franchisee. The franchising goal is expansion of customer base & capture market share of products.
Franchising is a strategic and convenient business alliance. The franchiser enters in to agreement with franchiser located within the country /abroad. He can be an individual or a company/firm.
Franchiser located within the country /abroad.
A franchiser is a reputed and well established organization in an industry. It can deal with products or services in any country. The franchiser engages franchisee to market and distribute products using its trademark. Franchisees can be at regional, national and international level. Franchisee handles the business development of franchiser. The Legal Advice from Advocates for Franchise Law is a must one here.
Special licensing arrangement
It is a process where successful business spreads business operation to other locations. . by giving rights and trademark to other entrepreneurs. Franchising can be for a definite period of time in return for initial fees and royalty. Franchising is a special licensing arrangement. Here the franchisee can use the Intellectual property rights of the franchiser. IP Advocates for Franchise Law will guide you perfectly.
Who are the parties involved in a Franchising Agreement?
Franchiser
He is individual or business entity who lends his business model & trademark.
Franchisee
Individual / organization who agrees to do business as per franchising agreement.
What are the Stages of Franchising?
The various process of Franchising is as below:
Groundwork
When a business entity is planning for franchising, it has to do the basic ground work. It has to prepare the business model for franchisee use. franchisee license is necessary for using intellectual property rights etc.
Franchise agreement
It is an important document of the franchising process. The terms between the parties is in writing. A formal contract gets executed. It has legal binding upon both franchiser and franchise. These Docs must be very well drafted by Advocates for franchise law in Madras high Court.
Franchise Management
The franchiser guides the franchisee about his business. Initial fees and royalty needs tracking and management. Franchiser has to watch franchisee for his business conduction. He has to ensure it is as per franchising agreement. The Retainer Advocates for Franchise Law will take care of each and every issue in day to day operation.
Franchise agreement Termination
There may be some time where franchise agreement needs an end. The reasons for termination may be non-compilation of terms of franchise agreement. Franchiser may end all rights and privileges of franchisee. He can cancel all his licenses to use its trademark
What are the laws applicable to Franchising in India?
In India, time being there are no specific legislation and regulations for franchise. Franchise Law regulation is dependent on various allied legislation that affects franchisee and franchiser. The laws are as below
- Indian Contract Act
- Intellectual property laws
- Competition Act
- Consumer Protection Act
- Foreign Exchange Management Act
- Transfer of property act
- Labor laws
- Taxation laws
What are the various types of Franchise Agreement?
Product Franchise
Under this type of arrangement, franchiser sells self produced product to franchisee. In turn, the franchisee sells the same to the ultimate consumers. Here the franchisee uses franchiser’s trademark. Example – Automobile sector like Ford, GM. Petroleum sector like Servo and so on.
Processing Franchise
Under this business agreement the franchiser gives an important ingredient of a product. Besides he gives stipulations on know-how and quality control. The franchisee follows the same and produces the ultimate product. Example – Coco Cola is a giant franchiser who engages franchisee all through the world. The ingredient is still the trade secret of coco cola.
Business Model Franchising
Business owner gives rights to another for the use specific business model & IP rights. Example – Hilton, 7-eleven, Holiday Inn are popular business houses using this franchising model.
Direct Franchising
Here the franchise or enter into individual agreement for each franchisee unit. The franchiser has direct control over each of the franchisee. This type of franchising is suitable for domestic or regional purposes. When you need to play it international master franchise agreement is a better choice.
Master Franchise Agreement
Here franchiser draws an agreement with a franchisee. In turn the franchisee can enter into sub-franchise agreements with other businesses. Franchisee in-charge of the territory acts as the franchiser for the sub-franchisee businesses. The drawback of this system is that being the loss of control by the franchiser. The franchiser has no direct legal contract with the sub-franchisee
International Franchising
Businesses desirous of expansion overseas can do so with international franchising. This arrangement is a good choice. Franchiser from head office. other location enters in to agreement with franchisees in desired locations.
joint venture between franchiser and third party
A master franchise agreement gets signed by both the parties. A Subsidiary acts as the franchiser in that target country. In a similar way, A joint venture between franchiser and third party gets agreed upon. The third party may have good knowledge about desired location. The joint venture acts as a franchiser in the desired country.
intellectual property rights
Intellectual property rights are territorial. The rights of trademarks may be applicable within a particular geographical area. A business has to apply for intellectual property rights in desirous location . It has to be ready before planning its overseas operations.
Legal Services services for Franchising
Choose the Best Advocates for Franchise Law in India
- Advisers for selection of business franchises in your desired location
- Assist and advice in working out franchise fees and royalty fees
- Drafting franchise agreements appropriate for your business needs
- Industrial licenses required for doing franchise business
- Any other tax registration & compliance
- Govt. approvals
- Litigation and alternative dispute resolution
- Other legal services and advisory services
Contact the best Advocate for Franchise Law litigation services
Franchise Law specializing lawyers in Chennai at our law office have hands on experience in providing lucrative advises & services to clients.
