§ 19-103. Termination, cancellation, nonrenewal, or substantial change in contract
West's Annotated Code of MarylandCommercial Law
MD Code, Commercial Law, § 19-103
§ 19-103. Termination, cancellation, nonrenewal, or substantial change in contract
(2) If a supplier terminates, cancels, fails to renew, or substantially changes the competitive circumstances of a contract based upon the dealer's failure to capture the share of the market required in the contract and the supplier has worked with the dealer for a minimum of 12 months to gain the desired market share, the supplier shall provide a dealer with at least 90 days' written notice of the termination of the agreement and a 60 day right to cure.
Credits
Added by Acts 2005, c. 433, § 2, eff. July 1, 2005.
MD Code, Commercial Law, § 19-103, MD COML § 19-103
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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