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Starting, July 25, Cyprus is joining the Schengen Information System (SIS) that has been built to ensure safe passage as well as freedom of movement of those who have the right to move freely within the EU’s Schengen Area.

In general, a franchise is a method of distributing products or services involving afranchisor, who establishes the brand’s trademark or trade name and a business system,and a franchisee, who pays a royalty and often an initial fee for the right to do businessunder the franchisor’s name and system according to the definition by the InternationalFranchise Association.

A franchise is a legal and commercial relationship between the owner of a trademark, brand, or business model (franchisor) and an individual or group (franchisee) who is granted the right to operate a business using that trademark, brand, or business model.

Franchising is a widespread and dynamically developing form of commercial cooperation in Uzbekistan. It provides unique local market opportunities for entrepreneurs and potential investors. In this article the main aspects of franchising in the context of Uzbek legislation will be considered, and key factors that must be considered before concluding a franchise agreement will be identified.

The franchise agreement is becoming more widely used in the activities of business entities in Belarus. Among the advantages that attract potential franchisees the use of already tested business model, consumer recognition, reduction of economic risks, lower advertising costs are pointed out. For franchisors conclusion of a franchise agreement provides an opportunity to develop business at regional level and create new sales channels with minimal financial and time costs.

Franchising is a successful business model that allows companies to expand their market presence while maintaining control over the quality of the products or services they offer.