A bill to regulate commerce by providing franchisors and franchisees with certain remedies to assure fairness and to protect against overreaching, unjust enrichment, and unjustifiable termination.
Franchise Practices Act - Requires a franchisor to notify a franchisee at least 90 days in advance of the franchisor's intention to terminate the franchise, and to state the reasons for termination.
Prohibits a franchisor from cancelling a franchise or failing to renew a franchise unless the franchisor is affecting a market area withdrawal or the franchisor has good cause for failure to renew and has given proper notice. Makes any franchisor who has violated the requirements of this Act civilly liable to the aggrieved franchisee.
Introduced in Senate
Referred to Senate Select Committee on Small Business.
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