AGRICULTURE     |      CAPITAL MARKETS     |      CIVIL PROCEDURE     |      CONTRACTS     |      CULTURAL PROPERTY     |      SECURED TRANSACTIONS       

 unifoto-build06-bn

 

 

The European Code of Ethics for Franchising adopted by the European Franchise Federation (EFF), a federation of the national franchise associations of Austria, Belgium, Denmark, France, Germany, Hungary, Italy, the Netherlands, Portugal and the United Kingdom, provides that "[i]n order to allow prospective Individual Franchisees to enter into any binding document with full knowledge, they shall be given a copy of the present Code of Ethics as well as full and accurate written disclosure of all information material to the franchise relationship, within a reasonable time prior to the execution of these binding documents".1 The EFF is in the process of laying down guidelines on how this reference to disclosure should be interpreted. The Code further provides for a general obligation that "[a]dvertising for the recruitment of Individual Franchisees shall be free of ambiguity and misleading statements",2 specifying that "[a]ny publicly available recruitment, advertising and publicity material, containing direct or indirect references to future possible results, figures or earnings to be expected by Individual Franchisees, shall be objective and shall not be misleading".3 The European Code is applicable to the members of the national associations that are members of the EFF.

1 Clause 3.3. 
2 Clause 3.1. 
3 Clause 3.2. 

News archive bt 

FORTHCOMING EVENTS

6th Workshop for the Economic Assessment of International Commercial Law Reform Project
(Postponed to 8 September 2020, Cambridge, UK)

 

4th Workshop for the project on Best Practices in the Field of Electronic Registry Design and Operation
(Postponed to 9 September 2020, Cambridge, UK)

 

9th Annual Cape Town Convention Academic Conference
(10-11 September 2020, Cambridge, UK)

 

Governing Council
99th session
(Rome, postponed to 23-25 September 2020)

 

 

 

By using unidroit.org you agree to our use of cookies to enhance your experience.     I understand   Know more