Franchise law governs the legal relationship between franchisors, who own a business concept or brand, and franchisees, who operate outlets under the franchisor’s brand and business model.
Ensuring a clear understanding of rights and obligations for both parties, franchise laws cover areas such as contract terms, intellectual property rights, operational standards, and dispute resolution mechanisms.
Franchise law plays a crucial role in maintaining fairness and consistency in franchisor-franchisee relationships, fostering trust and accountability between the parties involved.
By providing a framework for consistent operations and resolving potential conflicts, franchise law helps strengthen the stability and growth potential of franchise businesses.
Franchise law also safeguards the interests of both franchisors and franchisees, ensuring compliance with legal requirements and promoting sustainable business practices within the franchise system.