§ 66-182. Notice of termination of agreements. - North Carolina Statutes

§ 66‑182.  Notice oftermination of agreements.

(a)        Notwithstanding anyagreement to the contrary, a supplier who terminates or otherwise fails torenew or substantially changes the competitive circumstances of an agreementwith a dealer without good cause shall notify the dealer of the termination notless than 90 days prior to the effective date of the termination and shallprovide a 60‑day right‑to‑cure the deficiency. If thedeficiency is cured within the allotted time, the notice is void. In the case wherecancellation is enacted due to market penetration, a reasonable period of timeshall have existed where the supplier has worked with the dealer to gain thedesired market share. If there is any reason constituting good cause foraction, the notice shall state that reason.

(a1)      Notwithstanding anyagreement to the contrary, a supplier who terminates or otherwise fails torenew or substantially changes the competitive circumstances of an agreementwith a dealer for good cause is not required to notify the dealer of thetermination or to provide a right‑to‑cure the deficiency.

(b)        Notwithstanding anyagreement to the contrary, a dealer who terminates an agreement with a suppliershall notify the supplier of the termination not less than 90 days prior to theeffective date of the termination.

(b1)      Repealed by SessionLaws 2003‑195, s. 1, effective October 1, 2003.

(c)        Notification underthis section shall be in writing and shall be by certified mail or personallydelivered to the recipient. It shall contain all of the following:

(1)        A statement ofintention to terminate the dealership.

(2)        A statement of thereasons for the termination.

(3)        The date on whichthe termination takes effect. (1985, c. 441, s. 1; 2001‑343, s. 1; 2003‑195,s. 1.)