Commercial franchise is a commercial activity whereby franchisors permit and require franchisees to undertake by themselves to purchase or sell goods or provide services on certain conditions. A commercial franchise contract guides an enterprise about usage of a good or a working process which is a subject matter of industrial property rights and is protected. Commercial franchise involved in technology transfer, trademark of goods or others.
Commercial franchise conditions:
A trader shall be permitted to grant commercial rights when fully satisfying the following conditions:
If a Vietnamese trader is the primary franchisee of a foreign franchisor, such Vietnamese trader must conduct business my mode of franchising for at least one year in Vietnam before sub-franchising.
A trader shell be permitted to receive commercial rights when such trader has registered business sectors subject to commercial rights.
Contents of commercial franchise contract:
In case parties choose the law of Vietnam to govern the contract, the main contents of a commercial franchise contract include:
Documents clients need to provide Viet An Law Firm:
Viet An Law Firm Services in Commercial Franchise:
Clients who are concerned with commercial franchise, please contact Viet An Law Firm to receive legal advice in an effective way!
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