H.R.10872 - Franchising Practices Reform Act94th Congress (1975-1976)
|Sponsor:||Rep. Mikva, Abner J. [D-IL-10] (Introduced 11/20/1975)|
|Committees:||House - Commerce|
|Latest Action:||House - 11/20/1975 Referred to House Committee on Interstate and Foreign Commerce. (All Actions)|
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Summary: H.R.10872 — 94th Congress (1975-1976)All Information (Except Text)
Introduced in House (11/20/1975)
Franchising Practices Reform Act - Requires a franchisor to notify a franchisee at least ninety days in advance of the franchisor's intention to terminate the franchise, and the franchisor's reasons for terminating.
Prohibits a franchisor from cancelling a franchise unless the franchisor has acted in bad faith, or has violated a material requirement of the franchise, or the franchisor is effecting a market area withdrawal. Prohibits a franchisor from failing to renew a franchise except for the reasons stated above, or the franchisor has a legitmate business reason for failing to renew. Makes any franchisor that has violated the requirements of this Act civilly liable to the aggrieved franchisee.