Minnesota Statutes 80F.16 – Dealer Notice of Termination
Current as of: 2023 | Check for updates
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A dealer may only terminate a marketing agreement if the dealer provides 90 days’ written notice of termination to the supplier. On or before the termination date, the dealer shall repay to the supplier any incentive money that is required to be repaid to the supplier upon termination pursuant to the terms of the marketing agreement. The giving of notice of termination shall not eliminate a claim by the supplier for damages for breach of contract.
Terms Used In Minnesota Statutes 80F.16
- Contract: A legal written agreement that becomes binding when signed.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.