President Duterte has signed Executive Order No. 169 that aims to create a Franchise Registry for the protection of micro, small and medium enterprises .
“There is a need to intensify government efforts to strengthen the franchising industry to help businesses, especially MSMEs, by developing a transparent and business-friendly environment, and promoting fair and equitable practices,” the EO read. “Only franchise agreements that incorporate the minimum terms and conditions may be registered,” the EO read.
The said agreements with the prescribed minimum standards shall be in writing and duly notarized by the franchisor or by their franchise association, if applicable, before they submit such requirements to the DTI.The DTI will also be mandated to collect the said agreements and create the MSME Registry of Franchise Agreement.
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