44-1552. Disclosures to be made by distributor before conclusion of agreement
A distributor shall disclose to any prospective dealer the following information before any franchise agreement is concluded:
1. The gallonage volume history of gasoline sold to the previous dealer or dealers at the same premises and during a three-year period immediately past or such shorter period during which the same premises were used for engaging in the sale of gasoline while the franchise or business operation was in effect.
2. To the extent previously made available to the distributor, the name and last known address of the previous dealer or dealers for the preceding three years or such shorter period during which the premises were used for engaging in the sale of petroleum products.
3. Any legally binding commitments for the sale, demolition or other disposition of the location.
4. The training programs, if any, and the specific goods and services the distributor will provide for and to the dealer.
5. Full disclosure of any and all obligations which will be required of the dealer.
6. Full disclosure of all restrictions on the sale, transfer and termination of the agreement. Any disclosure required by this section may be made in the body of the franchise agreement or separately.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal insurance products you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with access to legal services through a network of provider law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our provider law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your provider law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal insurance products, and access to the LegalFix network of provider law firms are subject to the LegalFix Terms of Service and Privacy Policy.
