CONTRACTUL INTERNAŢIONAL DE FRANCHISING

Abstract

The franchising contract is a contract of successive execution in time through which independent enterprises take a mutual obligation to promote goods and service marketing through specific supplies by each of them. The franchising contract is concluded in writing under the nullity sanction. In the text of the contract, along with mutual obligations of the parties clearly stipulated, contract duration, regulations of termination and renewal and other important elements of the contract, a complete description of the program of franchising provisions is presented. At the contract conclusion the parties have the mutual obligation to fully and openly inform the other party about the circumstances that refer to the franchising and to put at the disposal of the other party the necessary information according to the good faith principle. The parties are obliged to keep the secret of confidentiality data, inclusively in the case when the contract is not further concluded.