Understanding the NJ Franchise Practices Act

Understanding the NJ Franchise Practices Act

The New Jersey Legislature enacted the FPA in 1971 (codified at N.J.S. 56:10-1). The Act’s focus was to address concerns raised by the automobile dealer industry. The Legislature’s goal was to level the playing field and protect dealers from aggressive manufacturers....

What’s the Deal with Five Year Franchise Terms?

In the past few years I have noticed a trend toward five year franchise terms in the Franchise Agreements, as opposed to the traditional ten year terms. What is driving this trend, and whom does it benefit? In my opinion, the shorter term is not beneficial to the...