Bill > A3495

This bill concerns hospitality franchise agreements. It defines a hospitality franchise as a written arrangement where a person grants another person a license to use a trade name, trademark, or related characteristic, and where there is a community of interest in the marketing of goods or services, including hotels, motels, and similar establishments. The bill prohibits hospitality franchisors from engaging in certain practices, such as receiving undisclosed consideration from vendors, requiring franchisees to purchase goods or services exclusively from the franchisor, and establishing company-owned outlets within the franchisee's exclusive territory. It also requires franchisors to obtain franchisee advisory committee approval for certain fees or charges, and regulates the sale of loyalty program points. The bill applies to franchise agreements entered into, modified, amended, or renewed after its effective date.

Business and Industry

https://www.njleg.state.nj.us/bill-search/2024/A3495