This law states that if a distributor in Virginia terminates or discontinues their contract with a manufacturer or importer, existing trailer dealer franchises remain in effect. The law also allows for a new distributor to step in and take over the franchise, with existing agreements modified accordingly. It aims to protect trailer dealers from disruptions caused by distributor discontinuation.
The franchises continue in full force and are not affected by the discontinuation, with provisions for a new distributor to step in and modify the agreements.
Yes, a manufacturer, factory branch, or other distributor can undertake to distribute trailers of the same line-make and substitute for the discontinued distributor under existing franchises.
No, the contracts remain in effect unless explicitly terminated; they are protected by law and can be modified to include new distributors.
No, it specifically pertains to trailer distributors and their franchise agreements within Virginia's motor vehicle regulations.