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You shouldn't have opened the dealership without an agreement with the manufacturer giving you exclusive rights to sell in your market for enough time to justif
by dpe82 12y ago
You shouldn't have opened the dealership without an agreement with the manufacturer giving you exclusive rights to sell in your market for enough time to justify your investment.
- jcampbell1 12y agoHow would that matter? You are bankrupt, so you'd be forced to sell the rights to pay back the bank.
- dpe82 12y agoApologies: exclusivity and price guarantees.
- gamblor956 12y agoOnce upon a time, such agreements were considered anti-competitive. Hence, states passed franchise laws providing similar protections without the exclusivity agreements.