Idaho § 23-1110 - Compensation to distributor upon termination, cancellation or nonrenewal of agreement
Full text of Idaho Idaho Statutes § 23-1110 — Compensation to distributor upon termination, cancellation or nonrenewal of agreement, with citation guidance and answers to common questions.
§ 23-1110. Compensation to distributor upon termination, cancellation or nonrenewal of agreement
(1) In the event that an agreement is terminated, canceled or not renewed by a supplier, the distributor shall be entitled to reasonable compensation for the laid-in cost to the distributor of the inventory of the supplier’s products, including any taxes paid on the inventory by the distributor, together with a reasonable charge for handling of the products.
(2) In the event that an agreement is terminated, canceled or not renewed by a supplier in bad faith or for other than good cause, the distributor shall be entitled to additional compensation from the supplier for:
(a) The fair market value of any and all assets, including ancillary businesses, relating to the transporting, storing or marketing of supplier’s products; and
(b) The good will of the business.
(3) The total compensation to be paid by the supplier shall be reduced by any sum received by the distributor from sale of assets of the business used in the distribution of the supplier’s products as well as by whatever value such assets may have to the distributor that are unrelated to the supplier’s products.
(4) As used in subsection (2)(a) of this section, fair market value means the highest dollar amount at which a seller would be willing to sell and a buyer would be willing to buy when each possesses all information relevant to the transaction.
[23-1110, added 1993, ch. 312, sec. 1, p. 1156.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 23-1110
What does Idaho Statutes § 23-1110 cover?
Section 23-1110 ("Compensation to distributor upon termination, cancellation or nonrenewal of agreement") is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 23-1110?
A common citation format is "Idaho Statutes § 23-1110" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 23-1110 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.