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New regulation to cover the franchise business

During this time, franchise has been popular in Indonesia and so being the business alternative for our society. As we know that there is so many people interest to joint with this business.  

Government as a regulator has been planning to make the new rule of the game for this business. Now, the rule will immediately attend. The policy representing to revise for governmental regulation No. 16/1997 about the franchise and also represent the part of economics packet which just launched by government within last week. 

Government promise that the new regulation about franchise to be published in the end of June 2007 and so it will become to complete guidance plus more protect entrepreneur in the franchise business. 

Tentative draft of regulation mentions that franchise must fulfill some criterion. For example, proven have profited. It have given meaning advantage is giver franchise have experienced minimum effort during five year. Management of franchise also has the pursuant to agreement written between franchisee and franchisor. Fill of the agreement minimize to cover duration, reward payment procedures, ownership, and solving of dispute (http://kontan-harian.com).

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