Bill > A1958

This bill concerns hospitality franchise agreements in New Jersey. It defines a "hospitality franchise" as a written arrangement where a person grants another the right to use a trade name, trademark, or service mark, and there is a community of interest in marketing goods or services related to hotels, motels, and similar establishments. The bill prohibits certain practices by hospitality franchisors, such as receiving undisclosed consideration from vendors, requiring franchisees to purchase goods or services exclusively from the franchisor, and making unilateral changes to franchise agreements. The bill also states that a franchisee's failure to comply with certain provisions does not constitute good cause for termination of the franchise. The bill applies to franchise agreements entered into, modified, amended, or renewed after its effective date.