The Small and Medium-Sized Retail Business Promotion Act and Anti-Monopoly Act both affect franchising.
There are disclosure requirements if the franchise is retail or restaurant-related. The franchisor must provide specified information before the agreement is signed, including: the capital of the franchisor and major shareholders, financial information for the past 3 years, litigation relating to the franchisor in the past 5 years, and any requirements relating to the layout and contents of a store.
No
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