60-1401.19. Franchise, defined.
114 words·~1 min read·
/ne/chapter-60/60-1401-19A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Franchise means a contract between two or more persons when all of the following conditions are included:
(1)A commercial relationship of definite duration or continuing indefinite duration is involved;
(2)The franchisee is granted the right to offer and sell motor vehicles manufactured or distributed by the franchisor;
(3)The franchisee, as an independent business, constitutes a component of the franchisor's distribution system;
(4)The operation of the franchisee's business is substantially associated with the franchisor's trademark, service mark, trade name, advertising, or other commercial symbol designating the franchisor; and
(5)The operation of the franchisee's business is substantially reliant on the franchisor for the continued supply of motor vehicles, parts, and accessories.