The history of development of the commercial concession institution

The article discusses the history of development of the commercial concession institution. The author traces the history of emergence and development of franchising relations in the USA by case study of such companies as "Singed, "General Motors" and "McDonald's". It has been found that in Russia franchising as a contract formation emerged only in the 1990-s and was enshrined in law for the first time in Chapter 54 of the Russian Civil Code in 1996. The changes that have affected the structure of the commercial concession agreement in the Russian Federation (adopted of № 216-FZ in 2011) are analysed. The author emphasizes the need for further improvement of the legislation on the matter for the standardization of the procedure of conclusion of a commercial concession agreement.