482.36399 - Assumption of provisions of franchise agreement by successor required. - Nevada Statutes

482.36399  Assumption of provisions of franchise agreement by successor required.  Unless the manufacturer or distributor otherwise agrees in writing, a successor in interest may not operate under the franchise agreement until all provisions of the agreement have been expressly assumed by the successor, including, but not limited to:

      1.  Leases;

      2.  Agreements relating to products;

      3.  Agreements relating to loaned equipment;

      4.  Agreements to comply with federal and state environmental law;

      5.  Licenses; and

      6.  Permits relating to taxes.

      (Added to NRS by 1985, 1830)