Virginia law requires motorcycle manufacturers, distributors, and their subsidiaries to file copies of new or amended franchise and sales agreements with the Commissioner at least 60 days before offering them to dealers. The law ensures that these agreements are reviewed for consistency with state regulations before being presented to dealers. Certain off-road vehicle manufacturers are exempt from these requirements.
They must file copies of new or amended franchise and sales agreements with the Virginia Commissioner at least 60 days before offering them to dealers.
Yes, manufacturers of off-road vehicles that do not distribute motorcycles for highway use are exempt from these filing requirements.
The Commissioner reviews the forms to ensure they do not contain terms inconsistent with Virginia law before they can be offered to dealers.
Offering a franchise agreement without proper filing and review may violate Virginia law, potentially leading to legal penalties or invalidation of the agreement.