Section 57-16-6.2 - Recreational vehicles; franchise agreements. - New Mexico Statutes

57-16-6.2. Recreational vehicles; franchise agreements.

A.     Every recreational vehicle manufacturer, distributor or representative shall execute a written franchise or sales agreement with each of its recreational vehicle dealers. Each agreement shall include the following provisions:   

(1)     warranty service obligations, including rates charged by a dealer for performing warranty service;   

(2)     specific territory or market area designation;   

(3)     grounds for termination;   

(4)     repurchase obligations;   

(5)     sales volume and performance; and   

(6)     dispute resolution procedures.   

B.     Notwithstanding the provisions of Subsection A of this section, a dealer and manufacturer, distributor or representative may mutually agree not to include the provisions listed in Paragraphs (2) through (6) of Subsection A of this section; provided, however, a written declaration stating which of the provisions were intentionally omitted and not applicable shall be incorporated into the written agreement.