Section 199-B. Disclosures to prospective dealers  


Latest version.
  • A distributor shall
      disclose in writing to any prospective dealer the following information,
      before any franchise is entered into:
        1. The gallonage  volume  history,  if  any,  of  the  location  under
      negotiation for and during the three year period immediately past or for
      the   entire  period  which  the  location  has  been  supplied  by  the
      distributor, whichever is shorter.
        2. The name and last known address of the previous dealer  or  dealers
      for  the last three years, or for and during the entire period which the
      location has been supplied by the distributor, whichever is shorter, and
      the reason or reasons for the termination of each dealer franchise.
        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,  including  but  not  limited  to,  any  obligation  to
      exclusively deal  in  any  of  the  products  of  the  distributor,  its
      subsidiaries  or  any  other  company or any advertising and promotional
      items that the dealer must accept.
        6. Full disclosure of all restrictions on the sale, transfer,  renewal
      and termination of the franchise.