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Current as of January 01, 2024 | Updated by FindLaw Staff
As used in this chapter, unless the context requires otherwise:
1. “Contractual arrangement” means a written franchise or other written agreement, by whatever name such agreement may be called, between a distributor and a dealer by which the dealer agrees to sell at retail and service the distributor's merchandise in a given location or locations, whether or not exclusively with respect to a given geographic area, and the distributor authorizes the dealer to sell, or sell and service, and agrees to supply an inventory of merchandise and, if the dealer is to perform service, an inventory of parts for that merchandise.
2. “Dealer” means a person, partnership, corporation, limited liability company, or other business entity which sells at retail and services new merchandise and is not engaged in the business of home solicitation sales.
3. “Distributor” means any manufacturer, wholesaler, or distributor of merchandise who has a contractual arrangement with a dealer for such merchandise.
4. “Merchandise” includes all new products of inventory intended for resale or retail sale by franchised dealers.
Cite this article: FindLaw.com - North Dakota Century Code Title 51. Sales and Exchanges § 51-20.2-01. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-51-sales-and-exchanges/nd-cent-code-sect-51-20-2-01/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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