In the US, where dealers enjoy protection that
would cause apoplexy in the European Commission, state motor vehicle
franchise laws often proscribe agreements that purport to waive the
statutory protection given to dealers. When a new franchise
relationship is formed, a manufacturer cannot pressure the new dealer
into forgoing legislative safeguards against termination or
encroachment, among other things. But what happens when a dealer
waives such rights in connection with a settlement of litigation? In
New Hampshire, at least, such a settlement agreement will not be
enforceable, according to a recent ruling by that state's supreme
court.
See the full story here from Day Pitney LLP.
No comments:
Post a Comment