686.409 Compensation for inventory upon refusal to renew, termination of, or restriction on transfer of a franchise.—It is unlawful for the manufacturer, distributor, wholesaler, or franchisor, without due cause, to fail to renew a franchise on terms then equally available to all of its dealers, to terminate a franchise, or to restrict the transfer of a franchise unless the franchisee receives fair and reasonable compensation for the inventory of the business. As used in this section, the term “due cause” shall be construed in accordance with the definition of due cause contained in s. 686.413(3)(c)2.
History.—s. 10, ch. 84-217; s. 739, ch. 97-102; s. 8, ch. 2004-257.
Section: Previous 686.401 686.402 686.403 686.405 686.406 686.407 686.408 686.409 686.41 686.413 686.415 686.417 686.418 686.501 686.502 NextLast modified: September 23, 2016