dealership

Tri State Ford

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Closing a retailer requires considerable effort and a focus and the items listed beneath, in no specific order, are minimal issues when terminating a franchise and closing a dealership operation. If Supplier submits a proposal for a change of possession below Article 12.2, Common Motors may have a right of first refusal to purchase the dealership assets or inventory and such other rights proposed to be transferred regardless of whether or not the proposed buyer is qualified to be a seller.

In addition, the supplier could be held personally chargeable for any monies collected from prospects treated as “belief” monies, comparable to: customer commerce payoffs, buyer credit and life insurance coverage premiums, and buyer warranty and repair contract premiums.

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