                                 CODE OF VIRGINIA

REQUIRED PROVISIONS PERTAINING TO AGREEMENTS BETWEEN JOBBER/DISTRIBUTORS AND
DEALERS (§ 59.1-21.11:2)

A. A term of an initial agreement between a jobber/distributor and a dealer
relating to specific marketing premises shall not be less than one year, and the
term of all subsequent agreements between the jobber/distributor and the dealer
relating to the same marketing premises shall not be for less than three years.
The rental provisions in any such agreement or franchise shall be based on
commercially fair and reasonable standards at a fair market value of the leased
marketing premises. If a dealer believes the terms of the agreement offered do
not meet a fair market value, such dealer may hire, at his expense, an
independent third-party appraisal company from a list of appraisal companies
provided by the jobber/distributor to provide a market valuation study. Such
study shall (i) be for informational purposes only, (ii) not require either
party to disclose confidential business information, and (iii) not bind either
party.

B. The provisions of this section shall be limited to Planning District 8 and
shall apply to initial franchise agreements and renewals of franchise agreements
entered into after July 1, 2024.

HISTORY: 2024, cc. 639, 668.