Franchise Contracts – Summary of the Hungarian regulation

Franchising is a very popular and effective form of economic cooperation. There are many advantages to entering into a franchise contract, or what is known as a lease contract in Act V of 2013 on the Civil Code (hereinafter referred to as Civil Code). In this article, we shall describe the characteristics of the franchise contract. 1. Definition For a long time, Hungarian law did not regulate franchise contracts as…

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