The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
002
:
SMALL MANUFACURERS AND CERTIFICATE OF APPROVAL HOLDERS
(Cite as: 7 V.S.A. § 754)
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§ 754. Cancellation for good cause; notice; rectification
(a)(1) Except as otherwise provided pursuant to section 753 of this subchapter and subsection
(d) of this section, a certificate of approval holder or manufacturer that wishes
to terminate or cancel a franchise for good cause shall provide the franchisee with
at least 120 days’ written notice of the intent to terminate or cancel the franchise.
(2) The notice shall state the causes and reasons for the intended termination or cancellation.
(b) A franchisee shall have 120 days in which to rectify any claimed deficiency.
(c) The Superior Court, upon petition and after providing both parties with notice and
opportunity for a hearing, shall determine whether good cause exists to allow termination
or cancellation of the franchise.
(d) The notice provisions of subsection (a) of this section may be waived if the reason
for termination or cancellation is insolvency, the occurrence of an assignment for
the benefit of creditors, bankruptcy, or if the certificate of approval holder or
manufacturer is able to prove to the court that providing the required notice would
do irreparable harm to the marketing of its product. (Added 2017, No. 145 (Adj. Sess.), § 5, eff. Jan. 1, 2019.)