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Corporate Law

Q. What legal points should I watch for in franchise agreements?

A.

Watch for inflated sales projections and early termination penalties in franchise agreements. Get legal review before signing.

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Franchise agreements are regulated by the Small Retailer Act (Art. 11 disclosure) and Antimonopoly Act. Watch for: inflated sales projections, non-compete scope, early termination penalties, territory rights, and HQ support obligations. Get legal review before signing.
This article provides general legal information and does not constitute legal advice. For specific legal issues, please consult with a qualified attorney.

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