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Franchising In India

There is no single comprehensive legislation that specifically deals with franchising in India. Hence, there exists no exhaustive definition of the term under Indian law. However, “franchise” is defined under the (Indian) Finance Act, 1999 as an agreement by which the franchisee is granted repres entational rights to sell or manufacture goods or to provide services or undertake any process identified by the franchisor, regardless of whether the agreement involves the use of a trade mark, service mark, trade name, logo or any such symbol. This definition is specifically included for the purpose of computation of service tax and not for any other purpose.;

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