This law prohibits motor vehicle manufacturers, distributors, and their affiliates from forcing dealers to waive their rights through threats or coercion. It allows waivers only in good faith settlement negotiations where fair consideration is exchanged. The law aims to protect dealer rights from undue pressure or unfair practices.
No, under Virginia law, manufacturers cannot threaten or coerce dealers into waiving their rights, except in good faith settlement negotiations.
Yes, waivers are permitted in good faith settlement negotiations if they are exchanged for fair consideration, but not through coercion.
Manufacturers are prohibited from threatening to impose detriments or withholding entitlements to force dealers to waive rights.
It protects motor vehicle dealers from unfair coercion or threats by manufacturers, distributors, or their affiliates regarding their franchise rights.