Business owners and professionals in the UAE should be fully aware of local laws that apply to franchising activities and related risks before entering into franchise agreements, according to legal experts who led a workshop in Dubai which was organized by Dubai Chamber of Commerce and Industry in cooperation with The Jorgensen Law Firm PLLC and Hoda Barakat Legal Consultancy.
The workshop, recently held at Dubai Chamber’s premises, was attended by lawyers, legal practitioners, investors, contract specialists, directors and business owners. The event featured informative sessions led by The Jorgensen Law Firm PLLC and Hoda Barakat Legal Consultancy and examined practical tips for drafting and negotiating franchising agreements, existing regulation governing franchising activity in the UAE, and best practices for ensuring that various stakeholders benefit from such agreements.
For her part, Jehad Kazim, Director of Legal Services at Dubai Chamber noted that the UAE has seen a sharp uptick in franchising activity in recent years as companies look to meet the needs of a fast-growing population.
“Operating as a franchisee comes with many benefits such as fewer risks and strong brand recognition. However, anyone who may be considering getting into such a business venture should understand the challenges and requirements before making a commitment,” said Kazim, adding that the workshop raised awareness about these matters within the business community.
Dubai Chamber regularly organizes training seminars and workshops to raise awareness about key business trends and laws impacting the emirate’s private sector. These events fall in line with its strategic objectives of creating a favorable business environment and supporting business growth in the emirate.