| Client questions: We are Korean Franchise company and we are about to have our franchise partner in Vietnam. We would like to apply franchise registration. Could you please let me know what i need to prepare for application and get me quotation for this service. Thanks. |
ASL LAW's Advice
Dear S___,
Thanks for your email concerning the subject matter. As the leading Vietnam law firm in the field of franchise, we are capable of assisting you with handling franchising agreement. We hope to build up a long-term business relationship with your group in the next time.
Regarding your enquiries, we would like to advise you procedure and our fee schedule in relation to franchise recording in Vietnam as follows:
- KEY ASSUMPTIONS
Our advice and ASL LAW's estimates to accomplish the scope of work are based on the following key assumptions and dependencies listed in this section as well as throughout the advice. Any deviation from these assumptions or assumptions found to be invalid could have an effect on Scope of work, Estimated Schedule, Charges and other terms. In such case, any changes in our Scope of work, Estimated Schedule, Charges etc. will be managed through the Procedure for Amendment as mutually agreed in writing by two parties. Deviations that arise during the Service shall be managed via the same procedure.
ASL LAW has been recognized as one of the leading and highly recommended business law firms in Vietnam. ASL LAW advised clients in a wide variety including foreign and domestic investment consultancy, business law, intellectual property, banking and finance, corporate, commercial, property and real estate, tax, agreement and contract, arbitration and litigation, M&A, leasing, construction, employment, insurance, enterprise development and management.
Our Awards
The professional performance and services provided by ASL LAW has been highly appreciated by both local and international clients.
- Our Managing partner Mr. Pham Duy Khuong is proud to be awarded by ASIALAW Profiles – the world a reputable organization on ranking the leading domestic law firms in Asia Pacific. The ranking is based on the recommendations of in-house counsel at the world's most prominent companies and financial institutions, as well as the leading lawyers, attorneys and solicitors in each legal market.
- From 2013 to 2020, Mr. Pham Duy Khuong – is recommended as Leading Lawyer in in Vietnam by Legal 500.
1. FRANCHISE IN VIETNAM
1.1 Scope of Work
We could help you review your franchise and record the franchise agreement with Vietnamese Authority. The franchisors from abroad have to franchise registration in Vietnam with Ministry of Industry and Trade.
In franchising registration in Vietnam, we support clients in preparing and submitting documents at Vietnam Ministry of Industry and Trade. The necessary documents and timeframe for registration are described in the following table:
| Check list of required documents |
| 1. The Power of attorney of franchisor |
| 2. The application for franchising registration (Vietnamese version) |
| 3. The written description of franchise registration |
| 4. The business registration certificate |
| 5. The copy of the industrial property right protection: trademark, copyright, patent (if available) |
| 6. The approval letter of the primary franchise's permission of franchise (in case franchisor is the secondary franchisor) |
| 7. The latest financial report that has been audited |
| 8. Franchise Agreement |
1.2 Our Fee of recording franchise in Vietnam
Our fees are as follows:
- Reviewing the franchise agreement, if required:
- Recording the franchise agreement at Vietnam authority:
If you agree, please send us the official instruction. We do hope that the above-mentioned advice will be useful for you.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.