Virginia Code 59.1-21.15: Disclosures to be made by refiner before conclusion of agreement
A refiner shall disclose to any prospective dealer the following information, before any franchise agreement is concluded:
Terms Used In Virginia Code 59.1-21.15
- Dealer: means any person who purchases motor fuel for sale to the general public for ultimate consumption. See Virginia Code 59.1-21.10
- franchise agreement: means any agreement, express or implied, between a refiner and a dealer under which a refiner authorizes or permits a dealer to use, in connection with the sale, consignment, or distribution of motor fuel, a trademark which is owned or controlled by such refiner. See Virginia Code 59.1-21.10
- Refiner: means any person engaged in the refining of crude oil to produce motor fuel and includes any affiliate of such person. See Virginia Code 59.1-21.10
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 refiner, 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 refiner, whichever is shorter.
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 refiner will provide for and to the dealer.
5. Full disclosure of any and all obligations which will be required of the dealer.
6. Full disclosure of all restrictions on the sale, transfer, and termination of the agreement.
1973, c. 423; 1979, c. 306; 1990, c. 907.