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    Jesseca Gwapa

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    johnkyllelumacang699
    Franchise businesses in the Philippines are regulated by the Franchise Regulation Act of 1999. The law requires franchisors to register with the SEC, provide a franchise disclosure document to potential franchisees containing financial and other relevant information, and maintain a minimum level of paid-up capital. The regulations also specify terms for franchise renewal and termination, disclosure requirements, consumer protections, dispute resolution procedures, and compliance with other relevant laws. Both franchisors and franchisees must understand and follow these regulations to ensure a legally compliant franchising process in the Philippines.

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    Jesseca Gwapa

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    johnkyllelumacang699
    10 views2 pages
    Franchise businesses in the Philippines are regulated by the Franchise Regulation Act of 1999. The law requires franchisors to register with the SEC, provide a franchise disclosure document to potential franchisees containing financial and other relevant information, and maintain a minimum level of paid-up capital. The regulations also specify terms for franchise renewal and termination, disclosure requirements, consumer protections, dispute resolution procedures, and compliance with other relevant laws. Both franchisors and franchisees must understand and follow these regulations to ensure a legally compliant franchising process in the Philippines.

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    Franchise businesses in the Philippines are regulated by the Franchise Regulation Act of 1999. The law requires franchisors to register with the SEC, provide a franchise disclosure document to potential franchisees containing financial and other relevant information, and maintain a minimum level of paid-up capital. The regulations also specify terms for franchise renewal and termination, disclosure requirements, consumer protections, dispute resolution procedures, and compliance with other relevant laws. Both franchisors and franchisees must understand and follow these regulations to ensure a legally compliant franchising process in the Philippines.

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    10 views2 pages

    Jesseca Gwapa

    Uploaded by

    johnkyllelumacang699
    Franchise businesses in the Philippines are regulated by the Franchise Regulation Act of 1999. The law requires franchisors to register with the SEC, provide a franchise disclosure document to potential franchisees containing financial and other relevant information, and maintain a minimum level of paid-up capital. The regulations also specify terms for franchise renewal and termination, disclosure requirements, consumer protections, dispute resolution procedures, and compliance with other relevant laws. Both franchisors and franchisees must understand and follow these regulations to ensure a legally compliant franchising process in the Philippines.

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    Download as DOCX, PDF, TXT or read online from Scribd
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    Jesseca C.

    Cabalquinto BSBA FM-4C

    Franchise businesses in the Philippines are regulated by the Franchise


    Regulation Act of 1999 (Republic Act No. 7652). Here are some key insights
    regarding these regulations:

    1. Registration: Franchisors must register their franchise offerings with the


    Securities and Exchange Commission (SEC) and provide a franchise disclosure
    document (FDD) to potential franchisees. This FDD should contain detailed
    information about the franchise, including financial data, the franchisor’s history,
    and other relevant information.

    2. Financial Requirements: Franchisors are required to have a minimum paid-up


    capital as specified by the SEC. This is to ensure that franchisors have the
    financial stability to support their franchisees.

    3. Renewal and Termination: The law specifies the terms and conditions for
    franchise renewal and termination, providing protection for both franchisors and
    franchisees. The franchise agreement should detail the grounds and procedures
    for termination or non-renewal.

    4. Disclosure Requirements: Franchisors must disclose all relevant information


    about the franchise opportunity, including the estimated initial investment,
    ongoing fees, and any restrictions on the franchisee.

    5. Consumer Protection: The law aims to protect consumers by ensuring that


    franchise businesses are legitimate and provide accurate information to potential
    franchisees.

    6. Dispute Resolution: The law outlines the procedures for resolving disputes
    between franchisors and franchisees, including the option for mediation and
    arbitration.
    7. Compliance: Franchise businesses are required to comply with local laws, labor
    regulations, and other relevant statutes in addition to the specific franchise
    regulations.

    It's important for both franchisors and franchisees to thoroughly understand and adhere
    to these regulations to ensure a smooth and legally compliant franchising process in the
    Philippines. Consulting with legal experts experienced in franchise law is advisable
    when entering into a franchise agreement in the country.

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