Virginia law requires trailer manufacturers, distributors, and their subsidiaries to file copies of new or amended franchise agreements with the Commissioner at least 60 days before offering them to dealers. The law ensures that the forms do not contain terms inconsistent with state regulations. Additionally, certain franchise agreements are exempt from the Retail Franchising Act.
They must file a copy of the franchise agreement or any amendments with the Virginia Commissioner at least 60 days prior to offering it to a dealer.
No, a franchise cannot be offered until the Commissioner determines that its terms are not inconsistent with state law.
No, certain franchises are exempt from the Retail Franchising Act under specific provisions of Virginia law.
A written notice along with a copy of the filed papers must be given to the affected dealer or dealers at the time of filing.