Alabama Statutes

§ 8-21A-2 — Definitions

Alabama·Title 8 Commercial Law and Consumer Protection·Ch. 21A The Tractor, Lawn and Garden and Light Industrial Equipment Franchise Act

As used in this chapter, the following terms shall have the ascribed meanings unless the context indicates a different meaning:

(1)CONTINUING COMMERCIAL RELATIONSHIP. Any relationship in which the equipment dealer has been granted the right to sell and/or service equipment manufactured by the supplier.
(2)COST or NET COST. The actual price paid by the dealer to the manufacturer, distributor, or wholesaler, plus freight costs paid by or charged to the dealer.
(3)CURRENT NET PRICE. The dealer’s price as listed in the supplier’s effective price list and/or catalog.
(4)DEALER CONTRACT, DEALER AGREEMENT, or FRANCHISE. An agreement or contract, expressed or implied, oral or written, by and between a supplier and a dealer by which the dealer is granted the right to purchase, sell, distribute,

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Legislative History

(Acts 1991, No. 91-721, p. 1401, §2; Acts 1993, No. 93-614, p. 1006, §1(2); Act 2003-356, p. 967, §1; Act 2004-556, p. 1196, §1.)

Nearby Sections

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