Franchising is the process of transferring the rights to use a trademark, intellectual property, business methods, and operational systems of a company (franchisor) to another party (franchisee) for utilization and development within a specific area. Below is an analysis of the benefits, risks, and challenges of using franchising for both the franchisor and the franchisee in the context of Vietnam.
Franchising can bring numerous benefits to both the franchisor and the franchisee in the Vietnamese context. However, for success, both parties need to diligently manage and understand each other to ensure an effective and sustainable franchise model.
In the journey of business development, facing disputes is unavoidable. The crucial aspect is how we effectively and professionally resolve these disputes. ASL LAW has emerged as a reliable guide in the field of business consultation and dispute resolution. Understanding […]
Vietnam employs a diverse tax system with various regulations and separate policies for Vietnamese businesses. This creates a complex legal framework, demanding a deep understanding from businesses to comply with tax obligations when operating in Vietnam. The following article will […]
Compliance with financial standards is crucial for Vietnamese businesses to protect their reputation and avoid administrative penalties while operating. I. Financial Reporting According to Industry Specifics In Vietnam, businesses operating in various sectors often have unique characteristics, leading to diversity […]