Commercial Act — Article 168-6 (Definition)

A person who carries on business according to the quality standards and business polices designated by a person (hereinafter referred to as "franchisor") who engages in the business of providing his/her own trade name, trademark, etc. (hereafter referred to as "trade name, etc." in this Chapter) after obtaining a permit for the use of the trade name, etc. from the franchisor is called a franchisee.[This Article Newly Inserted by Act No. 10281, May 14, 2010]