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Terms Used In Iowa Code 322D.7

  • Farm implement: means a machine designed or adapted and used exclusively for agricultural or horticultural operations or livestock raising. See Iowa Code 322D.1
  • Franchise: means a contract between two or more persons when all of the following conditions are included:
 This chapter applies until July 1, 1990, to all farm implement franchise agreements in effect before July 1, 1990, which have no expiration date and to all other such agreements entered into or renewed after April 12, 1985, but before July 1, 1990, which will expire after April 12, 1985. Any agreement in effect on April 12, 1985, which by its own terms will terminate on a subsequent date shall be governed by the law as it existed prior to April 12, 1985.