North Dakota Code > Chapter 51-20.1 – Heavy Construction Equipment Franchise Termination


§ 51-20.1-01	Definitions
§ 51-20.1-02	Retail dealers may recover cost of equipment and parts upon discontinuance of contract with distributor
§ 51-20.1-03	Termination of contractual arrangements to be done with good cause – Good cause defined
§ 51-20.1-04	Determination of retail dealer’s reimbursement
§ 51-20.1-05	Failure to make reimbursement on cancellation of contract – Liability

Contract: A legal written agreement that becomes binding when signed.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
following: when used by way of reference to a chapter or other part of a statute means the next preceding or next following chapter or other part. See North Dakota Code 1-01-49
Individual: means a human being. See North Dakota Code 1-01-49
Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
written: include "typewriting" and "typewritten" and "printing" and "printed" except in the case of signatures and when the words are used by way of contrast to typewriting and printing. See North Dakota Code 1-01-37