International transaction and the use of franchising and factoring

Franchising offers great business opportunities, but there are a lot of possibilities of frauds, law violations and malpractice. The majority of countries do not have a separate franchising law, and there are no protective norms - a lot of things are ambiguous and implicit, which also gives more opportunities for misuse. The possibilities for misuses and frauds are numerous. Potential franchisees (and potential fraud victims) should take steps to prevent frauds.