Registration of Franchise agreement in Viet Nam
Question: Our company would like to franchise to a company in Ha noi. Accordingly, we need to register commercial franchising at Ministry of Industry and Trade. Please provide us with documents and information required for this procedure and your proposal.
Answer:
1. FRANCHISE REGISTRATION
The franchisors from abroad have to franchise registration...
Preparation and registration of Franchise Contract
It is our understanding that the foreign partner would like to appointes Vietnam company as the Franchisee to conduct the business in Vietnam in using of its Intellectual Property Rights and Know How in Vietnam (hereinafter referred to as the “Territory”).
Franchise Registration in Vietnam
Legal regulation for franchise registration in Vietnam
Required documents for franchise registration in Vietnam
Required documents for franchise registration in Vietnam is as follows:
Registering the franchise activity in Vietnam
We understand that your company would like to become a master franchise from an oversea franchise. Accordingly, the oversea franchisor must register their franchise activity at Ministry of Industry and Trade (MOIT) before taking any franchise action in Vietnam.
For the foregoing, our scope of work will include:
- Registering the...
Vietnam’s commercial franchise regulations under pressure to change
At the end of the 1990s, franchise was still a strange concept to most people in Việt Nam.
There were no opportunities to enjoy or even see the products and services of the world’s well-known brands in Việt Nam.
KFC, McDonald, Starbucks and Lotteria were not familiar names for Vietnamese youth....
Penalty in case carrying out the franchise action without registration in Vietnam
Please be informed that an individual/organization may be punished with the following measures in case carrying out the franchise action without registration in Vietnam:
- Administrative measure: According to the regulation at Article 95.3(a) of Decree No. 185/2013/NĐ-CP. According to this regulation, the fine for this action of an organization is 10,000,000.00...
SBLAW’s experience in the field of Franchise Registration
SBLaw would like to give some information about experience in the field of Franchise Contract and Franchise Registration as follow:
Franchise Lawyers in Vietnam
Under the Circular No. 09/2006/TT-BTM dated May 25th, 2006 of Ministry of Trade (Ministry of Industry and Trade – now) guiding on the commercial franchising registration[...]
