Question

A contract between franchisor and franchisee is established under which Act?

Answer 1

So far, franchise agreements are covered under two standard commercial laws: the Contract Act 1872 and the Specific Relief Act 1963, which provide for both specific enforcement of covenants in a contract and remedies in the form of damages for breach of contract.

Answer 2

1870: Bombay Mutual Life Assurance Society, the first Indian life insurance company started its business.