Assumption of provisions of franchise agreement by successor required.

1. Law
2. Nevada Revised Statutes
3. Motor Vehicles and Trailers: Licensing, Registration, Sales and Leases
4. Assumption of provisions of franchise agreement by successor required.

Unless the manufacturer or distributor otherwise agrees in writing, a successor in interest may not operate under the franchise agreement until all provisions of the agreement have been expressly assumed by the successor, including, but not limited to:

1. Leases;

2. Agreements relating to products;

3. Agreements relating to loaned equipment;

4. Agreements to comply with federal and state environmental law;

5. Licenses; and

6. Permits relating to taxes.

(Added to NRS by 1985, 1830)

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