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Current as of January 01, 2024 | Updated by Findlaw Staff
Franchise means a contract between two or more persons when all of the following conditions are included:
(1) A commercial relationship of definite duration or continuing indefinite duration is involved;
(2) The franchisee is granted the right to offer and sell motor vehicles manufactured or distributed by the franchisor;
(3) The franchisee, as an independent business, constitutes a component of the franchisor's distribution system;
(4) The operation of the franchisee's business is substantially associated with the franchisor's trademark, service mark, trade name, advertising, or other commercial symbol designating the franchisor; and
(5) The operation of the franchisee's business is substantially reliant on the franchisor for the continued supply of motor vehicles, parts, and accessories.
Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 60. Motor Vehicles § 60-1401.19. Franchise, defined - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-60-motor-vehicles/ne-rev-st-sect-60-1401-19/
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 before relying on it for your legal needs.
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