30 OCT 2014

State registration for franchise contract is legal

On September 29, 2014 Order of state registration of the commercial concession(franchise) contract was adopted by Ministry of Justice of Ukraine.
According to Art. 1116 of Civil Code the right to use intellectual property objects (trademarks, industrial designs, inventions, trade secrets, etc.), commercial experience and business reputation is the subject of such contract. It is possible to specify particular area of use in such contract.
In accordance with Article 1118 of Civil Code state registration is obligatory for franchise. "We believe, this Order will help to solve disputes with regulatory authorities regarding the legitimate remuneration for the use of the rights under the contract" - says Mariya Ortynska.
Read also about franchise legal support .