Laws pertaining to intellectual property, contracts, and industry-specific regulations are all important factors.
Once you begin to grant franchises, you are responsible for the success of your franchisees, for training them, and for continually improving the processes and systems of the business, in order to effectively move into franchising rather than what you initially started out doing.
There is a great deal of franchising activity across a wide variety of industries, and the firm represents a large number of domestic and international clients in retail, hospitality, medicine, beauty and healthcare, automotive, education, real estate, and luxury and apparel.
You will grant your franchisees the following rights when you franchise your operations
Make use of your trademark as well as other branding elements
The distribution and sale of your products
Patented products and processes are manufactured and distributed
Utilize your confidential information regarding your business structure and implementation
Your company’s education and training programs
Business-specific software should be used
Franchise contracts should be drafted and reviewed by experienced lawyers on behalf of both parties in order to ensure that both parties’ interests are protected and that no unreasonable commercial risks are involved.
The plaintiff, in this case, is Toyota Jidosha Kabushiki Kaisha and they seek to prevent the defendant, a spare parts supplier by the name M/S Prius Auto Industries Limited, from the usage of the trademarks- “Toyota”, “Innova”, and “Prius”. According to the finding of the court, two of the three trademarks mentioned, namely Toyota and […]
Intellectual property rights create a situation in which the inventor or the creator enjoys full ownership and rights to commercial exploitation of his creation while everyone else is excluded. The justification is that such a creation, if it has material value, must benefit the creator while preventing others who would otherwise commercially exploit the concept […]
WIPO defines copyright as the right of creators to ownership of their creations and to make use for commercial or other purposes. Copyright today covers literary creations, printed material, computer programs, data, audiovisual media, dance, paintings and drawings, photographs, sculpture, architecture, ad material, technical drawings and others that are the outcome of intellectual effort. From […]