New Jersey § 56:10-13

§ 56:10-13.

It shall be a violation of the “Franchise Practices Act,” P.L.1971, c. 356 ( C.56:10-1 et seq. ), for a motor vehicle franchisor to exercise a right of first refusal or other right

to acquire a motor vehicle franchise from a motor vehicle franchisee unless the motor

vehicle franchisor: a. at the election of the motor vehicle franchisee, assumes the lease for or acquires

the real property on which the motor vehicle franchise is conducted on the same terms

as those on which the real property or lease was to be sold or transferred to the

acquiring transferee in connection with the sale of the motor vehicle franchise, unless

otherwise agreed to by the motor vehicle franchisee and motor vehicle franchisor;

and b. reimburses the acquiring transferee of the motor vehicle franchise for the reasonable

expenses paid or incurred by him in evaluating and investigating the motor vehicle

franchise and negotiating and pursuing the acquisition of the motor vehicle franchise

prior to the motor vehicle franchisor's exercise of the right of first refusal or

other right to acquire the motor vehicle franchise. For purposes of this subsection, expenses to evaluate and investigate the motor

vehicle franchise means, in addition to any other expenses associated with the evaluation

and investigation of the motor vehicle franchise, legal and accounting expenses, and

expenses associated with the evaluation and investigation of any real property on

which the motor vehicle franchise is conducted, including, but not limited to, expenses

associated with title examinations, environmental assessments and other expenses directly

related to the acquisition or lease of such real property by the acquiring transferee. Upon reimbursement, any title reports, or other reports or studies received by the

acquiring transferee as a result of the evaluation or investigation of the motor vehicle

franchise or the real property on which the motor vehicle franchise is conducted shall

be provided to the motor vehicle franchisor. The acquiring transferee shall submit an itemized list of the expenses to be reimbursed

along with supporting documents, if any, to the motor vehicle franchisor no later

than 30 days after receipt of a written request for same from the motor vehicle franchisor. The motor vehicle franchisor shall make payment within 30 days of receipt of the

itemized list. c. For purposes of this section, “ acquiring transferee ” means the person to whom the motor vehicle franchise would have been transferred

had the right of first refusal or other right to acquire the motor vehicle franchise

not been exercised by the motor vehicle franchisor.