summary
Introduced
02/05/2024
02/05/2024
In Committee
05/13/2024
05/13/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
Concerns hospitality franchise agreements.
AI Summary
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.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Reported out of Assembly Committee, 2nd Reading (on 05/13/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/A3495 |
Analysis - Statement ACE 5/13/24 1R | https://pub.njleg.gov/Bills/2024/A3500/3495_S2.PDF |
BillText | https://pub.njleg.gov/Bills/2024/A3500/3495_R1.HTM |
Analysis - Statement AFI 2/22/24 | https://pub.njleg.gov/Bills/2024/A3500/3495_S1.PDF |
BillText | https://pub.njleg.gov/Bills/2024/A3500/3495_I1.HTM |
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