New Jersey Statutes
§ 56:10-6 — Transfer of franchise; notice; approval; agreement of compliance
New Jersey § 56:10-6
JurisdictionNew Jersey
Title 56TRADE NAMES, TRADE-MARKS AND UNFAIR TRADE PRACTICES
This text of New Jersey § 56:10-6 (Transfer of franchise; notice; approval; agreement of compliance) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.J. Stat. Ann. § 56:10-6 (2026).
Text
It shall be a violation of this act for any franchisee to transfer, assign or sell a franchise or interest therein to another person unless the franchisee shall first notify the franchisor of such intention by written notice setting forth in the notice of intent the prospective transferee's name, address, statement of financial qualification and business experience during the previous 5 years. The franchisor shall within 60 days after receipt of such notice either approve in writing to the franchisee such sale to proposed transferee or by written notice advise the franchisee of the unacceptability of the proposed transferee setting forth material reasons relating to the character, financial ability or business experience of the proposed transferee. If the franchisor does not reply within t
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Nearby Sections
15
§ 56:10-1
Short title§ 56:10-11
Severability§ 56:10-12
Limitation of liability of franchisor, its officers, agents or employees for furnishing information§ 56:10-13
Definitions§ 56:10-13.1
Violations concerning relocations§ 56:10-13.5
Interest on overdue payments§ 56:10-13.6
Violations by franchisor§ 56:10-16
Definitions.§ 56:10-17
Motor vehicle franchise committee§ 56:10-18
Conditions for franchise.Cite This Page — Counsel Stack
Bluebook (online)
New Jersey § 56:10-6, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/56%3A10-6.