2010 Tennessee Code
Title 47 - Commercial Instruments And Transactions
Chapter 25 - Trade Practices
Part 6 - Petroleum Trade Practices
47-25-604 - Termination of franchise agreement Notice Permissible causes.

47-25-604. Termination of franchise agreement Notice Permissible causes.

(a)  (1)  Any vertically integrated producer engaged in a franchise agreement with a dealer shall give sixty (60) days' notice to such dealer prior to termination or nonrenewal of such franchise agreement.

     (2)  Such notice shall state the date of issuance and termination and the cause for such termination.

     (3)  The notice provided for in this section shall not be required in emergencies where franchise agreement termination is for cause and the notice requirement would place an unreasonable burden on the vertically integrated producer.

(b)  Permissible causes may include, but are not limited to:

     (1)  Substantial breach of the franchise agreement by the dealer;

     (2)  Occurrences rendering performance of the franchise agreement impossible, such as the death of either party or the destruction of the retail petroleum outlet premises;

     (3)  Mutual agreement of the parties; and

     (4)  Bankruptcy of either party.

[Acts 1975, ch. 232, § 1; T.C.A., § 69-704.]