Macron Act (retail): Franchisors: take your pens and erasers.
Take your pen is the effect of the future Article L.341-1 of the French Commercial Code resulting from Macron Act. Franchisors often use groups of contracts (franchise agreemet, management agreements, procurement and supplies), termination of one of these contracts will now mean termination of all, except for the commercial lease (as defined under French law) and for partnerships or companies. One may anticipate the effects of such termination: termination shall carry implications for the monies or indemnities mutually owed, rights of intellectual property, stocks and inventories and various restitutions between the parties. The effects of the indivisibility are known for financing operations in particular but now shall govern the franchise-related agreements. Lire la suite