CEU Electronic Theses and Dissertations, 2015
| Author | Popoola, Otitoni Aromoke |
|---|---|
| Title | FRANCHISE INFORMATION ASYMMETRY IN THE U.S: LESSONS FOR NIGERIA |
| Summary | ABTRACT This thesis is set out to evaluate the current legal framework of franchise in Nigeria as well as compare it with what is obtainable in the United States on the franchise-specific legal issue of information asymmetry. The goal of this research is to provide a variety of solutions for Franchise business in Nigeria and help to contribute to economic growth, spreading of entrepreneurship in small and mid-scale enterprises, tapped from the US position as a model in order to protect the weaker party (generally the franchisee) in franchise agreement from deceptive and opportunistic practices by exploiting information asymmetry. Furthermore, the focus is also to establish the need for a unified and predictable system to govern the franchise agreement and relationship while sustaining a balance of interest between the franchisor and a prospective investor in the franchise. To achieve the above stated goal, this thesis will do three things. Firstly, evaluate existing regulations (in brief) in the US (state and federal) affecting disclosure, registration and licensing, rules on arbitration and encroachment in franchise business. Secondly, it will look into business practices and norms in franchise regulation in the U.S, with the aim of finding out how both federal and state levels as well as the industry have successfully established working rules governing disclosure, management and control of information asymmetry in Franchise relationship. Thirdly, considering the level of economic development in Nigeria and other idiosyncratic factors, cherry-picking of some U.S regulatory forms in the regulation of franchise businesses could be done on one hand or on the other hand, if it will be best to adopt wholly the U.S operational systems. Finally, recommendations will be made for Nigeria on the best practices to adopt (if any) especially on information asymmetry as it affects Franchise. |
| Supervisor | Tajti, Tibor |
| Department | Legal Studies LLM |
| Full text | https://www.etd.ceu.edu/2015/popoola_otitoni.pdf |
Visit the CEU Library.
© 2007-2021, Central European University