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2010 Florida Statutes
SECTION 409
Compensation for inventory upon refusal to renew, termination of, or restriction on transfer of a franchise.
Compensation for inventory upon refusal to renew, termination of, or restriction on transfer of a franchise.
686.409
Compensation for inventory upon refusal to renew, termination of, or restriction on transfer of a franchise.
—It is unlawful for the manufacturer, distributor, wholesaler, or franchisor, without due cause, to fail to renew a franchise on terms then equally available to all of its dealers, to terminate a franchise, or to restrict the transfer of a franchise unless the franchisee receives fair and reasonable compensation for the inventory of the business. As used in this section, the term “due cause” shall be construed in accordance with the definition of due cause contained in s. 686.413(3)(c)2.
History.
—s. 10, ch. 84-217; s. 739, ch. 97-102; s. 8, ch. 2004-257.