NE Franchise Bill Up for Hearing

Share Post

Scheduled for committee hearing, L.B. 1239 would require franchise agreements between a manufacturer and wholesaler to be in writing and include, at a minimum: (1) the term in years and rights to termination or extension; (2) a list of the manufacturer’s brands for which the wholesaler has the right to offer and sell within a specified geographic territory; (3) terms constituting consideration offered and accepted by each party; (4) notice provisions identifying the name, address, phone number, and email address for each party; and (5) terms addressing a sale or other transfer of each party’s licensed business.

Was this article helpful?