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SF 1960 Senate Long Description

Relating to commerce; regulating franchise agreements between outdoor+ power and sport equipment dealers and manufacturers; defining certain terms; +restricting the termination, cancellation or nonrenewal of the franchises, +requiring and providing for the existence of good cause, specifying certain +manufacturer notice and payment requirements; requiring manufacturer specification+ in the franchise agreement or in a separate agreement the obligation of the +dealer to perform warranty work or service on the products and provision to +dealers a schedule of compensation to be paid for warranty and other work, +specifying a compensation minimum and certain payment requirements, prohibiting +reduction; providing for the designation of a successor to the ownership of the +franchise upon owner death or incapacity and for acceptance or rejection by the manufacturer; specifying certain requirements for the location of +additional or relocated dealerships in relevant market areas, requiring and +providing for manufacturer notice of intent to other dealers in the areas and +authorizing appeal; specifying certain unfair practices by manufacturers or +distributors; regulating the sale, transfer or exchange of franchises, prohibiting manufacturers from unreasonably withholding consent; prescribing +civil penalties and remedies for violation and prohibiting retroactive +application of the regulations (mk)