“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 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…

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How to open an IP in 2019, and how it threatens: basic questions and answers
The opening of an IP is often associated with fears of bureaucracy and hassle, but there is nothing wrong with the procedure for registering an IP: it will take you…

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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

Bank generosity: how can you benefit from a cashback card
More and more banks issue plastic cards with cashback. How to make the right choice? In the wake of the consumer boom, banks are increasingly offering customers plastic cards with…

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How to protect your assets from the IRS
It doesn't matter if the Federal Tax Service (IRS) collects tax arrears by threatening to seize property, or if you just want to get ahead of events by making sure…

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