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Current as of January 01, 2025 | Updated by Findlaw Staff
“Franchise” means a written agreement between a manufacturer or distributor and a dealer by which:
1. A commercial relationship of definite duration or continuing indefinite duration is established.
2. The dealer is granted the right to offer and sell at retail new vehicles, other than mopeds, farm tractors or special mobile equipment.
3. The dealer constitutes a component of a distribution system for new vehicles.
4. The operation of the dealer's business is substantially associated with the trademark, trade name, advertising or other commercial symbol designating a manufacturer or distributor.
5. The operation of a portion of the dealer's business is substantially reliant on the manufacturer or distributor for a continued supply of new vehicles, parts and accessories.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 43. Public Safety; Vehicles; Watercraft § 482.043. “Franchise” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-43-public-safety-vehicles-watercraft/nv-rev-st-482-043/
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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