Terms Used In Texas Business and Commerce Code 57.052

  • Contract: A legal written agreement that becomes binding when signed.

A supplier may not prevent, by contract or otherwise, a dealer from changing its capital structure or the means by or through which the dealer finances its operations, if:
(1) the dealer gives prior notice of the change to the supplier; and
(2) the dealer at all times meets any reasonable capital standards required by the supplier pursuant to a right granted in the dealer agreement and imposed on similarly situated dealers.