ISSN: 2225-8329
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The study mainly aims to identify the nature of the franchise agreement by explaining its concept, significance, and historical development. The study also aims to show the extent to which the UAE legislator organizes the provisions of this agreement. The basic questions for the study are what is the franchise agreement, what is its significance, and how has the UAE legislator organized its provisions? The problem of the study is the ambiguity of the legal nature of this agreement and the lack of a specific law to be invoked in the event of a dispute between the parties to the agreement. The researcher uses the descriptive and analytical approach to achieve the study objectives and to find solutions to the study problem. The researcher also uses the historical approach to find out the origins of this agreement. The study concludes with several results, the most important of which are as follows. Unlike the countries of Europe, the franchise agreement has no legal regulation in the United Arab Emirates, nor in Arab countries. The study concludes that this type of contract has great significance, especially in light of the technological revolution and the accelerating global economic growth. The researcher concludes with a set of recommendations, the most important of which are as follows. The researcher urges the UAE legislator and Arab legislators to organize the provisions of the franchise agreement by issuing special legislation for this agreement due to its significance in commercial life. The researcher also recommends promoting the concept of the franchise agreement and awarding bids as part of the promotion campaign. The researcher recommends holding courses and conferences that would urge citizens, especially traders, to benefit from this type of contract.
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In-Text Citation: (Mohammed et al., 2022)
To Cite this Article: Mohammed, A. O., Abdulqawi, A. C. Y., Bayoumi, K., & Shehab, A. A. A. (2022). Franchise Agreement and Its Concept, Significance, Historical Development: A Case Study in the United Arab Emirates.
International Journal of Academic Research in Accounting Finance and Management Sciences. 12(2), 423 – 432.
Copyright: © 2022 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
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