Retail franchise agreements; governing law; competition restrictions. Provides that retail franchise agreements shall be governed by the laws of the Commonwealth and prohibits any person from offering or entering into a franchise agreement that includes competition restrictions that extend beyond termination or expiration of the franchise agreement, except as a term of sale in the event that a franchisee sells a franchise to a third party or back to the franchisor. This bill is identical to SB 240.

Statutes affected:
Introduced: 13.1-559, 13.1-563
Commerce and Labor Substitute: 13.1-559, 13.1-563
Enrolled: 13.1-559, 13.1-563