R.I. Gen. Laws § 6-46-2
This is the official text of R.I. Gen. Laws § 6-46-2, part of Rhode Island’s Gen. Laws — part of the compiled statutory law of Rhode Island, published by the state as "Gen. Laws." Browse the sections below, each linked to its official government source.
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§ 6-46-2. Definitions.
Official statutory text
For the purposes of this chapter, the terms defined in this section have the following meanings:
(1) Current net price means the price listed in the suppliers price list or catalog in effect at the time the dealer agreement is terminated, less any applicable discounts allowed.
(2) Dealer means a person, corporation, or partnership primarily engaged in the business of retail sales of farm and utility tractors, forestry equipment, industrial or construction equipment, farm implements, farm machinery, yard and garden equipment, attachments, accessories, and repair parts. The term dealer shall not include a single-line dealer primarily engaged in the retail sale and service of industrial, forestry, and construction equipment.
(3) Dealer agreement means a written or oral contract or agreement between a dealer and a wholesaler, manufacturer, or distributor by which the dealer is granted the right to sell or distribute goods or services or to use a trade name, trademark, service mark, logotype, or advertising or other commercial symbol.
(4) Inventory means farm, utility, forestry, industrial or construction equipment, implements, machinery, yard and garden equipment, attachments, or repair parts.
(5) Net cost means the price the dealer paid the supplier for the inventory, less all applicable discounts allowed, plus the amount the dealer paid for freight costs from the suppliers location to the dealers location. In the event of termination of a dealer agreement by the supplier, net cost includes the reasonable cost of assembly and/or disassembly performed by a dealer.
(6) Single-line dealer means a person, partnership, or corporation who or that:
(i) Has purchased seventy-five percent (75%) or more of the dealers total new product inventory from a single supplier; and
(ii) Who has a total annual average sales volume for the previous three (3) years in excess of twenty million dollars ($20,000,000) for the entire territory for which the dealer is responsible.
(7) Supplier means a wholesaler, manufacturer, or distributor of inventory who enters into a dealer agreement with a dealer.
(8) Termination of a dealer agreement means the cancellation, non-renewal, or non-continuance of the agreement.
(1) Current net price means the price listed in the suppliers price list or catalog in effect at the time the dealer agreement is terminated, less any applicable discounts allowed.
(2) Dealer means a person, corporation, or partnership primarily engaged in the business of retail sales of farm and utility tractors, forestry equipment, industrial or construction equipment, farm implements, farm machinery, yard and garden equipment, attachments, accessories, and repair parts. The term dealer shall not include a single-line dealer primarily engaged in the retail sale and service of industrial, forestry, and construction equipment.
(3) Dealer agreement means a written or oral contract or agreement between a dealer and a wholesaler, manufacturer, or distributor by which the dealer is granted the right to sell or distribute goods or services or to use a trade name, trademark, service mark, logotype, or advertising or other commercial symbol.
(4) Inventory means farm, utility, forestry, industrial or construction equipment, implements, machinery, yard and garden equipment, attachments, or repair parts.
(5) Net cost means the price the dealer paid the supplier for the inventory, less all applicable discounts allowed, plus the amount the dealer paid for freight costs from the suppliers location to the dealers location. In the event of termination of a dealer agreement by the supplier, net cost includes the reasonable cost of assembly and/or disassembly performed by a dealer.
(6) Single-line dealer means a person, partnership, or corporation who or that:
(i) Has purchased seventy-five percent (75%) or more of the dealers total new product inventory from a single supplier; and
(ii) Who has a total annual average sales volume for the previous three (3) years in excess of twenty million dollars ($20,000,000) for the entire territory for which the dealer is responsible.
(7) Supplier means a wholesaler, manufacturer, or distributor of inventory who enters into a dealer agreement with a dealer.
(8) Termination of a dealer agreement means the cancellation, non-renewal, or non-continuance of the agreement.
Status: in_force · Read it on the official government site
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