§ 3-13-8 - Sale of supplier. - Rhode Island Statutes

SECTION 3-13-8

   § 3-13-8  Sale of supplier. – Except for discontinuance of all sales of a brand or brands in this state orfor good cause, any person who purchases a supplier becomes obligated to all ofthe terms of any agreement in effect on the date of purchase. The acquiringsupplier is not obligated to supply its brand or brands to the wholesalers ofthe acquired supplier. Nothing prevents the parties from negotiating a newagreement consistent with the provisions of this chapter. The term purchaseincludes, but is not limited to, a purchase of stock, purchase of assets,lease, merger, or any other reorganization, consolidation, or acquisition of asupplier.