“Money is the best motivation.” 10 career rules from a partner at UFG Wealth Management
UFG Wealth Management is the first independent family office in Russia. The company was founded in 2005 as a new direction in the investment company UFG Asset Management and in…

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How to sell a franchise on the Internet: 3 best ways
There are many ways to sell a franchise over the Internet, but not all of them are worth your attention. In this article we will talk about the most effective…

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Manipulation and deception: how not to fall into the trap of a simpleton hunter
How to protect your budget from cunning sellers who are to blame for the 2008 economic crisis and what is the danger of political lobbying? A new book of Nobel…

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What is a franchise agreement (commercial concession agreement)

How does franchising function in terms of Russian law? We will understand what exactly is understood by law as a franchise agreement or a commercial concession agreement.

From the point of view of imperfect Russian legislation, a synonym for franchising is concession. What exactly is meant by this term? There are several definitions of the concept of “concession”.
A concession is an agreement on the transfer by the state for operation to private entrepreneurs, foreign firms for a specified period of time of enterprises and other economic facilities, land plots with the right to extract minerals, build various structures, produce certain products, etc. The enterprise itself is also called a concession. based on such an agreement. Continue reading

How to create a successful franchise: 4 golden rules

Instead of increasing the number of franchises, unfortunately, their quality decreases and confidence among franchisees decreases. The rules for creating a successful franchise are shared by Oleg Yudin, director of franchising at Domino’s Pizza.

Franchising is rapidly gaining popularity. One of the decisive factors in this matter is the crisis, condemning Russian business to instability and uncertainty in the future. The purchase of a franchise eliminates this issue by providing an already developed business model with prescribed solutions to possible risks.
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10 franchising trends over the past 10 years
Experts predict a tenfold increase in franchised points by the end of 2025. Is it real? In order to answer this question, you need to look at the experience of…

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Family business: you can not increase to lose
Dmitry Motorin talks about the problem of effective business inheritance and gives advice to owners and founders of companies how to transfer their business to the heirs without problems In…

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Bloomberg named Porsche 911 the most profitable car of the year
The eighth generation of the legendary Porsche 911 brought the German manufacturer a record share of profits - over the year, no other elite car earned so much for its…

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Interest-free loans between "their": to stand - to be afraid?
At first glance - not scary Based on the provisions of paragraph 1 of Art. 50 and paragraph 1 of article 809 of the Civil Code of the Russian Federation…

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