Bill > SB129

This bill, the Protect Alabama Small Businesses Act, aims to regulate franchisers and their representatives in order to prevent fraud, unfair business practices, and abuses against franchisees. Key provisions include requiring franchisers to have "good cause" to terminate or refuse to renew a franchise, allowing franchisees to monetize their equity in the franchise business upon termination or nonrenewal without good cause, prohibiting certain unfair practices by franchisers, and providing franchisees with the ability to seek legal remedies for violations of the act, including the potential for punitive damages. The bill also establishes the jurisdiction of Alabama courts for violations and outlines exceptions where the act does not apply, such as for certain existing laws governing specific industries.

Business and Industry, Government Affairs