China trade business

A 2007 fraud case by a former senior franchisee of the country`s largest franchise system[26] led to an examination of the need for a franchise right by the Ministry of Economic Development. [27] The New Zealand government decided that there was no reason to legislate on franchises at the time. [28] This decision was criticized by the opposition,[29] which launched the review when it was in power, and the review process was questioned by a leading academic. [30] The franchisee association originally supported positive regulation of the franchise sector,[31] but its eventual submission for review advocated the status quo of self-regulation. [32] Franchise agreement: A written agreement contained in the FDD that describes the responsibilities of the franchisor and franchisee. .