Laws & Regulations on Franchise Business in India: Lawyers Advice
In India there are no specific laws dealing with franchising businesses. However, according to Black Laws Dictionary, franchising means the license from the owner of a trademark or trade name permitting another individual/licensee to sell the product or service under that trademark. Though no law specifically deals with franchising business, there are some laws which touch upon such businesses within the country. The following are the different laws attached to a business and the legal issues involved therein: Indian Contract Act, 1872:Every franchising business has a contractual relationship between the owner and the licensee. Such contracts are governed by the Indian...
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