When someone mentions franchises, fast food burger joints are probably the first thing that comes to mind. But franchising can and is used for many other businesses.
Franchising relationships include fitness clubs, food delivery services, cleaning services, property management services, financial and bookkeeping services, private schools, assisted living facilities, management consulting services and medical service providers.
Almost any service or product distribution network can be franchised. Franchising can be used to test foreign markets and address restrictions such as the Foreign Business Act on foreign producers and wholesalers.
Thailand does not have a specific Franchising Act, but regulations under the new version of the Trade Competition Act provide very detailed rules governing the franchising relationships. And those rules are enforced.
Click to download “Franchising Law in Thailand” PDF Presentation
by Legal Analytics & Legal Concept