The terms of the franchising agreements usually range between 2 to 6 years. Big franchisers tend to offer contracts with shorter terms in order to be able to adapt quickly to the changes of a developing market or still not established, like the Romanian market is.
The provisions of the Franchising Law for before signing the franchise agreement step and the franchise agreement are as follows:
Prior signing the franchise agreement
For prior agreement, the Romanian law stipulates that the franchiser has the obligation of providing the potential franchisee with all the needed information regarding:
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the accumulated and conveyable know-how,
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the financial terms of the contract and
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details about the selling prices for the products, services or technologies, if there are any purchasing obligations.
