New Jersey § 56:10-6
Full text of New Jersey New Jersey Statutes § 56:10-6, with citation guidance and answers to common questions.
§ 56:10-6.
It shall be a violation of this act for any franchisee to transfer, assign or sell
a franchise or interest therein to another person unless the franchisee shall first
notify the franchisor of such intention by written notice setting forth in the notice
of intent the prospective transferee's name, address, statement of financial qualification
and business experience during the previous 5 years. The franchisor shall within 60 days after receipt of such notice either approve
in writing to the franchisee such sale to proposed transferee or by written notice
advise the franchisee of the unacceptability of the proposed transferee setting forth
material reasons relating to the character, financial ability or business experience
of the proposed transferee. If the franchisor does not reply within the specified 60 days, his approval is deemed
granted. No such transfer, assignment or sale hereunder shall be valid unless the transferee
agrees in writing to comply with all the requirements of the franchise then in effect.
Frequently Asked Questions About New Jersey § 56:10-6
What does New Jersey Statutes § 56:10-6 cover?
Section 56:10-6 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 56:10-6?
A common citation format is "New Jersey Statutes § 56:10-6" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 56:10-6 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.