The present condition & Future prospects of Franchise in Korea

The present condition & Future prospects of Franchise in Korea `Introduction` (1) What is Franchise The Franchise system is a form that headquarters control markets tightly by contract of franchises. Franchise is getting effect of management such as enterprise under direct management by doing mutual cooperation and sharing functions by contract among independent operators having individual capital. The contract of franchise includes rights associated with the sales. This contract permits trade names, logos, images, etc., and helps set of goodwill and gives license. (2) The requirement for establishment of Franchise The following requirements are for establishing of franchisees contract. a. Permission of sales displays The franchisee`s sales should be related to the franchisor`s sale cover substantially. For example, there are trade mark, service marks, logo, and so on, Especially, trademarks and service marks registered as intellectual property rights can give franchisees ex…
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