What is it, forms, agreement and conditions
Posted: Tue Jan 07, 2025 4:54 am
A concession can be used in two meanings: an agreement with the state for the creation, reconstruction and subsequent operation of state facilities, and also in the meaning of a commercial concession (franchising) agreement.
Victoria Olkhova, senior lawyer at the law firm Kosenkov and Suvorov, spoke about the commercial concession (franchising) agreement.
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Content:
What is a concession?
Forms of concession
Agreements and conditions
Commercial concession agreement
What is a concession?
Let's figure out what a concession is.
A commercial concession, or franchising, is an lithuania whatsapp phone number agreement under which the copyright holder (franchisor) grants the user (franchisee) the right to use a set of intellectual property objects belonging to him in exchange for remuneration.
A distinctive feature and one of the key elements of franchising is the trademark. If the right to use the trademark is not granted, then the agreement becomes not a commercial concession, but a license agreement.
In addition to the right to use the trademark, the user under the franchise agreement receives the rights to use other intellectual property. For example, inventions, utility models or industrial designs, software and databases, trade names, production secrets, works and other objects.
The advantage of franchising for the user is the opportunity to conduct business under a well-known brand and use the experience and business standards of the copyright holder. Franchising allows the copyright holder to increase the recognition of their brand and receive additional income from users.
RB.RU recommends the best providers of digital solutions for your business - follow the link
Victoria Olkhova, senior lawyer at the law firm Kosenkov and Suvorov, spoke about the commercial concession (franchising) agreement.
Subscribe to RB.RU in Telegram
Content:
What is a concession?
Forms of concession
Agreements and conditions
Commercial concession agreement
What is a concession?
Let's figure out what a concession is.
A commercial concession, or franchising, is an lithuania whatsapp phone number agreement under which the copyright holder (franchisor) grants the user (franchisee) the right to use a set of intellectual property objects belonging to him in exchange for remuneration.
A distinctive feature and one of the key elements of franchising is the trademark. If the right to use the trademark is not granted, then the agreement becomes not a commercial concession, but a license agreement.
In addition to the right to use the trademark, the user under the franchise agreement receives the rights to use other intellectual property. For example, inventions, utility models or industrial designs, software and databases, trade names, production secrets, works and other objects.
The advantage of franchising for the user is the opportunity to conduct business under a well-known brand and use the experience and business standards of the copyright holder. Franchising allows the copyright holder to increase the recognition of their brand and receive additional income from users.
RB.RU recommends the best providers of digital solutions for your business - follow the link