#best franchise lawyer in gurugram

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Applicable Laws & Legal Compliances for FinTech Start-ups

The government is making sincere efforts to make India digital. It has been introducing the developments in the Fintech sector because of the rapid technological advancements.

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Laws & Regulations on Franchise Business in India: Lawyers Advice

https://mylawyersadvice.com/laws-regulations-on-franchise-business-in-india-lawyers-advice/

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In India there are no specific laws dealing with franchising businesses. However, according to Black Laws Dictionary, franchising means the license from the owner of a trademark or trade name permitting another individual/licensee to sell the product or service under that trademark. Though no law specifically deals with franchising business, there are some laws which touch upon such businesses within the country.

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Basic Principles of International Franchise Agreements

Each country has its own rules and regulations of the franchise model. The different law regimes are franchise-specific laws, general commercial laws or Codes of Conduct

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Applicable Laws & Legal Compliances for Franchise Business in India

The franchise agreement should contain provisions in accordance with Indian laws or franchisee’s state laws, it is advisable to carefully draft and get the necessary registration done with modification in the clauses as per the state’s legal compliances.

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Precautions while Executing International Franchise Agreements

International franchise agreements tend to delay and cause annoyance to the pre-existing state of laws in the appropriate state. It can be both legal as well as commercial in nature which can turn out to be a difficult situation for the parties involved in such transaction.

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Foreign Direct Investments (FDI) in Clothing & Apparel Industries in India-1

FDI Policy in India allows 100% FDI in the textile industry through the automatic route requiring no prior approval of the Government or the Reserve Bank of India. • The investors are however, required to notify the RBI regional office within a period of 30 days from the receipt of inward remittance.

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Precautions to be taken by Foreign Investors before investing in Indian Start-ups: Lawyers Advice for Foreign Investors for their Investments in India | FDI Attorney in Delhi NCR | FDI Attorney in India | India Business Entry

Startups have begun to take a new look in India, with the youth coming up with great business ideas with extraordinary business potentials. More and more investors have started to look towards startups as a great investment option with high returns. In 2019, Indian tech startups alone are able to raise $14.5 Billion funds. Therefore, investors are becoming more interested and inclined towards investing in startups in India. However, in order to ensure a safe investment and highest returns it is necessary to take certain precautions. Read more

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Top Ten Tips for Attracting Foreign Investments for Indian Start-Ups: Lawyers Advice for Foreign Investors for their Investments in India | FDI Attorney in Delhi NCR | FDI Attorney in India | India Business Entry

A new trend in the form of startups has seen a steady growth in India in the past one decade. India ranks as the 3rd largest startup ecosystem in the world, with 1,300 new startups emerging in the year 2019. It is responsible for creating 60,000 direct jobs and around 1.5 Lakhs indirect jobs. Read more

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Laws & Legal Compliances for Direct Selling Businesses in India: Lawyers Advice for Direct Selling Companies in India | Direct Selling Business Lawyer in India | Direct Selling Business Lawyer in Delhi NCR

Direct Selling is a business model wherein the direct selling companies sell their products directly to the consumers. The usual manufacturing and distribution line of goods or services which include various intermediaries can be avoided or sidestepped as the goods or services can be delivered directly to the consumer without the goods going into the possession of retail stores. Read more

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Legality of Multi-Level Marketing (MLM) Companies in India: Lawyers Advice for MLM Companies in India | MLM Lawyer in India | MLM Lawyer in Delhi NCR

Multi-level Marketing (MLM) is a business model where the sale is carried out between one individual to another. Many businesses like Amway, Oriflame, etc. carry out the same individual networking system. The intermediaries involved in a traditional business model does not exist under Multi-level marketing, as the consumers purchase the goods directly from the distributor or seller. The distributor gets a commission for the sale he carries out. He can also appoint other representative under him to sell the products. Read more

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Laws & Regulations on Franchise Business in India: Lawyers Advice for Franchise Business in India | Franchise Lawyer in Delhi NCR | Franchise Business Attorney in Delhi NCR | Franchise Business Attorney in India

In India there are no specific laws dealing with franchising businesses. However, according to Black Laws Dictionary, franchising means the license from the owner of a trademark or trade name permitting another individual/licensee to sell the product or service under that trademark. Though no law specifically deals with franchising business, there are some laws which touch upon such businesses within the country. Read more

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When a franchisor and a franchisee are entering into an agreement over a franchise unit, they do so by signing a franchise agreement. A franchise agreement is an agreement entered into by a franchisor and a franchisee in order to operate a franchise unit. This agreement specifies all the essential aspects of the franchise transaction like the location, operations, duration, fee, royalties etc. A franchise agreement does not have a standard format. It varies depending on the type of business and the working conditions of the franchise. However, the basic provisions of any franchise agreement are as follows:

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In a franchise agreement a franchisee is the party to whom the license to carry out business under the same brand name is granted. Just like the franchisor, the franchisee also has certain rights and duties specified under the franchise agreement. But since the franchise agreement does not have a standard format and varies depending on the type of business, even the rights and duties of the franchisee vary from business to business. However, there are some common rights and duties that the franchisee is vested with in every franchise agreement irrespective of the type of business.

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A franchise agreement is an agreement entered into by a franchisor and a franchisee to operate a franchise unit. It is a legal contract in which the franchisor consents to provide its brand and operational model to the franchisee to set up and run the similar business in another place in exchange for a fee and some share of the income generated. The franchise agreement specifies all the details regarding the contract like the rights and duties of both the parties, the fee the franchisor is supposed to pay, the duration of the agreement, the location of the franchise, etc.

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A franchise agreement is a contractual relationship, just like another contract. Similar to any other contract, a franchise agreement has two parties, namely, the franchisor and the franchisee. The franchisor leads his Intellectual Property Rights and the business system to the franchisee, who pays a royalty and a fee for conducting the business with the brand name of the franchisor. Once the franchisee commences the business, the franchisor aids the franchisee in conducting the business. Franchise agreements serve two purposes –