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As used in this chapter:
(A) “Attachments” means equipment designed to be used on or in conjunction with farm machinery or construction equipment.
(B) “Current net price” means the price listed in the supplier's price list or catalog in effect at the time the dealer agreement is terminated, less all applicable discounts.
(C) “Dealer agreement” means a written or implied contract, sales agreement, or security agreement between a supplier and a dealer that authorizes the dealer to engage in the retail sale and service of farm machinery or construction equipment in accordance with methods and procedures prescribed by the supplier and includes any data processing hardware the supplier requires the dealer to purchase to satisfy the minimum requirements of the dealer agreement.
(D) “Supplier” means a manufacturer, wholesaler, or distributor of farm machinery or construction equipment to dealers under a dealer agreement who also may require the dealer to purchase data processing hardware to satisfy the minimum requirements of the dealer agreement.
(E) “Inventory” means farm machinery or construction equipment held by a dealer for sale or lease and also means any data processing hardware that the supplier requires the dealer to purchase.
(F) “Net cost” means the original invoice price that the dealer paid for the merchandise to a supplier, less all applicable discounts allowed, plus freight charges incurred by the dealer from the supplier's location to the dealer's location.
(G) “Dealer” means a person engaged in the business of the retail sale of farm machinery or construction equipment under a dealer agreement, which also may include a requirement to purchase data processing hardware.
(H) “Farm machinery” means farm implements and machinery together with the attachments, special service tools, or repair parts for such implements and machinery. “Farm machinery” includes compact tractors, but does not include a motor vehicle as defined in section 4501.01 of the Revised Code.
(I) “Compact tractors” means garden and small utility tractors and riding mowers. “Compact tractors” are not motor vehicles as defined in section 4501.01 of the Revised Code.
(J) “Construction equipment” means construction equipment and the attachments, special service tools, or repair parts for such equipment together with mobile, motorized utility maintenance equipment used in construction or road maintenance. “Construction equipment” does not include a motor vehicle as defined in section 4501.01 of the Revised Code.
Cite this article: FindLaw.com - Ohio Revised Code Title XIII. Commercial Transactions § 1353.01 - last updated January 01, 2020 | https://codes.findlaw.com/oh/title-xiii-commercial-transactions/oh-rev-code-sect-1353-01/
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