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Korea business law - termination of franchise

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작성자 최고관리자 댓글 0건 조회 191회 작성일 19-01-15 14:50

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There are a variety of franchise stores in the downtown area. A variety of franchise shops, such as clothing stores, convenience stores, cafes, cafes, etc., are taking up the spot as well as food service shops. This trend has also led to an increase in the number of entrepreneurs attempting to franchise their franchisees. There are numerous franchise legal disputes as there are numerous franchise operators. Therefore, when you sign an agreement between a franchisee and the head office, you must make sure to fill out the contract carefully.

In fact, franchise legal disputes often occur between merchants and headquarters,
What are the limitations and procedures in the event that after the completion of all contracts, the contract period is not fulfilled due to various circumstances and the contract is terminated?

In general, the terms of the termination of the franchise agreement will be governed by the terms of the contract,
The contents are subject to the standard contract stipulated in the Franchise Business Act. Article 14 of the Affiliate Business Act requires the affiliated headquarters to adhere to the following procedures:

1. Hold a grace period of at least two months to the franchisee.
2. Make a specific statement of the violation of the contract
3. If you do not correct it,
Notify the fact more than once in writing

You must complete all the above procedures to terminate the franchise agreement under the Franchise Business Act. If you fail to do so, you will not be able to sign a franchise agreement.

In general, the terms of the termination of the franchise agreement will be governed by the terms of the contract,
The contents are subject to the standard contract stipulated in the Franchise Business Act. Article 14 of the Affiliate Business Act requires the affiliated headquarters to adhere to the following procedures:

1. Hold a grace period of at least two months to the franchisee.
2. Make a specific statement of the violation of the contract
3. If you do not correct it,
Notify the fact more than once in writing

You must complete all the above procedures to terminate the franchise agreement under the Franchise Business Act. If you fail to do so, you will not be able to sign a franchise agreement. Those who are going to cancel franchise agreements with franchisees will be able to, you need to check it thoroughly to obtain more thorough grounds for receiving damages.

I wonder if many people will be able to get back a large amount of the bounty paid to the franchise headquarters if they terminate the franchise agreement. In the membership contract signed by the franchisor's shareholders
Although specific details may vary, some of the fines may generally be returned
Often there are. Also, even if there is a contract clause stipulating that you can not claim the return of all the bounty money when the contract is canceled, the unfair terms of the Fair Trade Act can be effective. Therefore, we recommend that you check with your lawyer if you want to know precisely whether or not your franchisee will be able to get your bounty back at the end of the franchise agreement.

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