59.1-21.15 - Disclosures to be made by refiner before conclusion of agreement. - Virginia Statutes

§ 59.1-21.15. Disclosures to be made by refiner before conclusion ofagreement.

A refiner shall disclose to any prospective dealer the following information,before any franchise agreement is concluded:

1. The gallonage volume history, if any, of the location under negotiationfor and during the three-year period immediately past or for the entireperiod which the location has been supplied by the refiner, whichever isshorter.

2. The name and last known address of the previous dealer or dealers for thelast three years, or for and during the entire period which the location hasbeen supplied by the refiner, whichever is shorter.

3. Any legally binding commitments for the sale, demolition, or otherdisposition of the location.

4. The training programs, if any, and the specific goods and services therefiner will provide for and to the dealer.

5. Full disclosure of any and all obligations which will be required of thedealer.

6. Full disclosure of all restrictions on the sale, transfer, and terminationof the agreement.

(1973, c. 423; 1979, c. 306; 1990, c. 907.)