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Franchising in Makati City, Philippines is regulated by the Philippine Franchise Association (PFA) in collaboration with the Department of Trade and Industry (DTI). The law protects both the franchisor and franchisee to ensure a fair, ethical, and sustainable business relationship. Potential franchisors are required to present their prospective franchisees a written disclosure of the primary details underlying the franchise relationship. This includes costs, liabilities, obligations, and other essential aspects.
A lawyer is necessary in the franchising business primarily since it entails legal contracts, compliance with local and national laws, and dispute resolution. Lawyers help in drafting, reviewing, and negotiating franchise agreements. They can assist in ensuring your business meets all franchising regulations. Additionally, the franchise industry might involve intellectual property rights, branding, and lease negotiations where legal expertise is invaluable. A lawyer can also represent you in case a business dispute arises.
Local laws in Makati City, Philippines related to franchising primarily revolve around the protection of both the franchisor and franchisee's rights and obligations. The Franchise Agreement typically dominates the legal relationship between the two parties. The Department of Trade and Industry provides guidelines on fair trade practices, while the Intellectual Property Office of the Philippines oversees branding and intellectual rights. Additionally, franchising businesses must adhere to local zoning, safety, and business permit regulations.
The Department of Trade and Industry (DTI) and the Philippine Franchise Association (PFA) oversee franchising regulations in the Philippines, including Makati City.
Yes, a franchise agreement can be terminated depending on the clauses stipulated in the contract. It is advisable to consult with a lawyer to guide you through the termination process and obligations.
While there is no specific franchise law, the rights of franchisees are protected under Commercial Law, Contract Law, and specific guidelines from the DTI and PFA. These protections include full disclosure from franchisors and fair contract terms.
A Franchise Disclosure Document provides potential franchisees with detailed information about the franchisor, the franchise system, and the agreements they will need to sign. This information is essential for making an informed decision.
Typically, franchise agreements are pre-drafted by the franchisor and are non-negotiable. However, prospective franchisees may negotiate certain terms. Legal assistance is recommended in these negotiations to ensure optimal terms.
The Philippine Franchise Association (PFA), Department of Trade and Industry (DTI), and the Bureau of Trade Regulation and Consumer Protection provide resources for franchisors and franchisees. Makati City government also offers resources for small businesses.
If you require legal assistance with franchising in Makati City, Philippines, consider consulting with a lawyer who specializes in franchising or commercial law. They can help with various stages, including contract negotiation, setting up your business, and any potential disputes that may arise. In choosing a lawyer, consider their experience, track record, and whether they understand your business needs.
