The Obligation to Disclose Essential Information in Franchise Agreement

Document Type : Research Paper

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Abstract

The Obligation to disclose essential information is important either in theoretical and practical approach. This means that in order to enjoy the necessary knowledge to achieve decision-making and formation of contract, the information that is effective to create legal consent should be revealed to the opposite side. In Franchise agreement; violation of this obligation that is one of accessories and necessities in good faith negotiation process, contract conclusion and implementation of contract have a great effect on relations of the parties to the contract. This article also analyzes purview and remedies of the violation of that obligation in Iranian legal system

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