In the current economy outlook, the business of franchising has is becoming a trend amongst local corporations as they aim for business growth and increase their production capabilities.

A franchise provides an established product or service that may already enjoy a widespread reputation and goodwill through the use of the franchisor’s brand name recognition and/or intellectual property rights. This gives an advantage to the franchisees as they could work with the franchisor’s tested technologies, trade secrets and business systems and methods that could take years to establish.

In Malaysia, franchising is governed under the Franchise Act 1998 that stringently regulates the franchising industry as it effectively implements a structural scheme of registration for all parties involved. This way, all parties are able to afford greater protection towards their businesses.

At ABASAN, we are able to provide supporting services for the drafting, vetting and negotiation of such franchising agreements for the benefit of your business.