The Law Firm Of Hazim Almadani
Definition of Franchise:
With the new investment project initiative, Saudi vision 2030, as well as the latest National Investment Strategy issued by the Ministry of Investment, strongly encouraging foreign investors to join in on the major economic developments in Saudi Arabia, it has become an ideal hub for investments of Multinational Corporations, as well as Small and Medium Enterprises, on a global scale. Lastly, the Saudi Government’s latest announcement to stop governmental entities and agencies from dealing with companies whose headquarters are not Saudi based by 2024, further stating that having a regional headquarters is no longer sufficient, there is no better time to have a company registration in Saudi Arabia. As such, we’re here to help and assist you in setting up your business, accompanying you in each step up to full operations.
Parties to the Franchise Contract
Advantages of obtaining a franchise
Ensuring the success of the new business under an existing and successful brand and name.
Avoid the failure of start-up projects.
Obtaining technical support from the franchisor.
Gaining management, operations, and marketing experience.
Ensuring the presence of clients.
Obtaining the franchisor's marketing service and ensuring customer service, advertising, and after-sales
Why the Law Firm of Hazim Al-Madani?
Hazim Al Madani Law Firm is a Saudi law firm that specializes in commercial franchising. All legal advice and services related to the commercial franchise are provided by us. Our lawyers and legal consultants are experts in commercial franchising according to the Saudi Franchise Law issued in 2020. We are specialized in:
Drafting commercial franchise contracts
Providing legal solutions to contractual relations and disputes between the franchisor and the franchisee
Types of franchises provided by Hazim Al-Madani Office
Got a Question?
–The fees for the application for registration of the franchise agreement and disclosure document is the amount of (five hundred) Saudi riyals.
-The fees for a request to register the amendment of the franchise agreement is the amount of one hundred Saudi riyals.
The franchisor shall submit to the Ministry, through the franchise platform, a request to cancel the registration within ninety days from the date of its expiry or termination.