Franchising in Vietnam is the process of transferring the right to use a business model, which may include a trademark, from the franchisor (the owner) to the franchisee (the licensee). Both franchisors and franchisees can benefit from franchising in the following ways:
In summary, franchise agreements bring benefits to both the franchisee and the franchisor. The franchisee can benefit from owning an established brand, gaining knowledge and support from the franchisor, while the franchisor can expand their market, increase sales revenue, and share business risks.
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 […]