List of Different Franchise Laws in India | Franchise Agreement | Franchise Business | Shyam singh

In this video, you’re going to know List of Different Franchise Laws in India | Franchise Agreement | Franchise Business | Shyam singh

Video description : Franchise laws in India are a set of laws that regulate the franchising industry. In India, there is no specific law mandated for the franchise industry. However, franchise agreements must adhere to several laws that regulate intellectual property, consumer protection, contract agreements, foreign exchange management, and others. The Indian Contract Act, 1972, the Consumer Protection Act, 1986, the Trademark Act, 1999, the Copyright Act, 1957, the Patent Act, 1970, the Design Act, 2000, the Specific Relief Act, 1963, the Foreign Exchange Management Act, 1999, the Transfer of Property Act, 1882, the Indian Income Tax Act, 1961, the Arbitration and Conciliation Act, 1996, and the Information Technology Act, 2000 are some of the laws that govern the franchise industry.

Although there is no requirement for franchise registration in India, trademark is a vital aspect of brand expansion. Disclosure norms and franchise agreements are mandatory clauses that must be included in the agreement with the consent of both parties. Franchisees must be aware of restrictions that a franchisor can impose on sales, income, data transfer, and other business queries mentioned in the agreement paper.

It is essential to understand the cause of termination of the contract between the franchisor and franchisee. If the franchisee is involved in any unethical or criminal activities, the franchisor has the right to terminate the license and contract. Any dispute between the franchisor and franchisee can be resolved under the clauses mentioned in the Contract Act, 1872.

In conclusion, understanding franchise laws is crucial for both franchisors and franchisees. Franchise agreements must adhere to Indian laws to avoid any legal issues that may arise in the future.

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