Franchising of Intellectual Property in India

Main Article Content

Chinmaya Kumar Mohapatra, Amrita Mishra

Abstract

This research paper talks about the concept of Franchising and the types of franchising agreements. Franchising and intellectual property are related as it is the intellectual property of a person such as patents, trademarks or copyrights that is the subject matter of a franchisee agreement. The paper discusses the various definitions of franchising that are prevalent over the world before getting into the various types of it such as Invention Licensing Agreement, Trademark Licensing Agreement, Character Merchandising Agreement and Dealer / Distributor / Marketing arrangements. Since the commencement of globalization, franchising has played an important role in benefitting the world. In India, franchising is governed by the business and commercial laws and there is no specific set of laws for the same which. The conclusion talks about the need of a specific set of laws in order to govern franchising more efficiently as there are many bodies, national as well as international who have been expanding their business by the means of franchising.

Article Details

Section
Articles