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 unless such settlement is approved by a court of competent jurisdiction.

Statutes affected:
Introduced: 13.1-559, 13.1-563
Labor and Commerce Substitute: 13.1-559, 13.1-563
Subcommittee #2 Subcommittee Substitute: 13.1-559, 13.1-563
Enrolled: 13.1-559, 13.1-563