Unraveling the Franchise Act in Malaysia - A Guide by Exyip.com
The Franchise Act in Malaysia plays a pivotal role in governing the franchise industry and protecting the interests of both franchisors and franchisees. For entrepreneurs looking to venture into the world of franchising or existing franchise businesses seeking to expand, understanding the Franchise Act is essential. Exyip.com presents a comprehensive guide to navigating the Franchise Act in Malaysia . Understanding the Franchise Act: Enacted in 1998, the Franchise Act regulates the franchise industry to promote fair practices, transparency, and long-term sustainability. The Act outlines the legal framework for franchising operations, ensuring that franchisors and franchisees adhere to specific standards and obligations. Registration Requirements: The Franchise Act mandates that both local and foreign franchisors operating in Malaysia must register their franchise businesses with the Registrar of Franchise. This registration is necessary for the franchisor to offer or sell franchise...