(1) What is Franchise
The Franchise system is a form that headquarters control markets tightly by contractof franchises. Franchise is getting effectof management such as enterprise under direct management by doing mutual cooperation and sharing functions by contract among independent operators having individual capital.
The contractof franchise includes rights associa
protects the worker’s right and interests. We call this organization, Labor Union. They usually check whether workers are at disadvantage or not. They demand a correct and change in system by showing collective action towards their company.
The time-off system makes payment of wages for union activities which become legally recognized labor union activities confer legitimacy to the role.
Article 1 Application of UCP 600
The Uniform Customs and Practice for Documentary Credits, 2007 Revision, ICC Publication no. 600 ("UCP") are rules that apply to any documentary credit("credit") (including, to the extent to which they may be applicable, any standby letter of credit) when the text of the credit expressly indicates that it is subject to these rules. They are binding on all parti
STERILIZATION
European Court of Human Rights(유럽인권재판소)
a supra-national court, established by the European Convention on Human Rights, which provides legal for people who damaged from a contracting party to the Convention
European Convention on Human Rights
(유럽인권조약)
an international treaty to protect human rights and fundamental freedoms in Europe.
of the contract.
Useful to hedge default risks
A more efficient way of risk management
Raise capitals by purchasing the insurance
Can diversify their portfolios
The leverage effect and the chance to participate in market; most of credit derivatives do not require real capital investment
★Benefits
* Reduction in systemic coun