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 →