Wyoming Statutes
§ 12-9-118 — Repurchase of inventory upon termination
(a)Except as otherwise provided in W.S. 12-9-120,
whenever any malt beverage distributor enters into a franchise
agreement with a manufacturer in which the distributor agrees to
maintain an inventory of malt beverages and the franchise is
subsequently terminated, the manufacturer shall repurchase the
inventory as provided in this section. If the distributor has
any outstanding debts to the manufacturer, then the repurchase
amount may be credited to the distributor's account.
(b)The manufacturer shall repurchase that inventory
previously purchased from him and held by the distributor on the
date of termination of the contract. The manufacturer shall pay
one hundred percent (100%) of the distributor's laid-in cost,
payable when the product is returned to the manufacturer free
and clear of
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Nearby Sections
15
§ 12-9-101
Legislative findings and intent§ 12-9-102
Definitions§ 12-9-104
Unfair and prohibited acts§ 12-9-105
Distributor's resignation; cancellation;
termination; failure to renew; refusal to continue§ 12-9-107
Burden of proof§ 12-9-108
Notice for terminating an agreement§ 12-9-109
Conditions and notice required§ 12-9-111
Effort required by distributor§ 12-9-112
Waiver prohibited§ 12-9-113
Agreement subject to act§ 12-9-114
Agreements binding on successor§ 12-9-115
Reasonable compensation§ 12-9-116
Remedies