PERU
Ecuador
Brazil
Peru
Law and Practice Contributed by: Walter Aguirre, María Angela Vásquez and Sebastian Montes Aguirre Abogados & Asesores
Lima
Bolivia
Contents 1. An Introduction to Franchising p.78 1.1 Franchise Market Overview p.78 1.2 Franchise Regulation p.78 1.3 Definition of a Franchise Agreement p.78 2. Franchise Disclosure p.78 2.1 Mandatory Disclosure p.78 2.2 Consequences of a Failure to Disclose p.79 2.3 Franchise Disclosure Exemptions p.79 2.4 Franchise Disclosure Language/Translation Requirements p.79 3. Franchise Registration p.79 3.1 Mandatory Registration p.79 3.2 Franchise Registration Process p.79 3.3 Consequences of a Failure to Register p.79 4. Other Requirements p.79 4.1 Past-Profitability Requirements p.79 5. Duration, Renewal and Termination p.79 5.1 Duration of a Franchise Agreement p.79 5.2 Franchise Renewal p.79 5.3 Termination of the Franchise Agreement p.80 6. Restrictions on Competition in Franchise Agreements p.80 6.1 Treatment of Competition Restrictions in Franchise Agreements p.80 6.2 Exclusive Territories and Competing Businesses p.80 6.3 Requiring Franchisees to Purchase Specific Goods and Services p.80 6.4 Channel Reservation p.80 6.5 Vertical Agreement Block Exemptions p.81
7. Choice of Governing Law p.81 7.1 Possibility of a Franchisor Stipulating Non-Local Law p.81 7.2 Local Law Requirements p.81 7.3 Mandatory Content p.81 7.4 Prohibited Provisions in Local Law p.81 8. Dispute Resolution p.81 8.1 Enforcement of Foreign Judgments p.81 9. Payment and Taxes p.81 9.1 Restrictions or Limits on Franchisee Fees and Royalties p.81 9.2 Withholding Tax p.82 9.3 Foreign Currency Controls p.82 10. Execution Formalities p.82 10.1 Authentication, Notarisation, Witnessing, Etc p.82 10.2 Electronic Signatures p.82 10.3 Stamp Duties p.82
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