Tennessee Code 47-25-1914 – Applicability of franchise provisions
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Terms Used In Tennessee Code 47-25-1914
- franchise agreement: means a written or oral agreement for a definite or indefinite period, in which a person grants to another person authority to use a trade name, trademark, service mark or related characteristic within an exclusive territory, or to sell or distribute goods or services, within an exclusive territory, at wholesale, retail, by lease agreement or otherwise. See Tennessee Code 47-25-1902
- Retail agreement: means an agreement, including a franchise agreement that meets the requirements of a retail agreement, whether express, implied, oral, or written, between two (2) or more persons:
(A) By which a person receives the right to: (i) Sell or lease inventory or services at retail or wholesale. See Tennessee Code 47-25-1902 - State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105