To establish that a business is a franchisee qualifying for protection under the Illinois Franchise Disclosure Act,

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To establish that a business is a “franchisee” qualifying for protection under the Illinois Franchise Disclosure Act, the business must demonstrate that it paid a franchise fee either
directly or indirectly to the “franchisor” to enter the business. To-Am Equipment Company believed it had paid an implied fee in excess of $500 to enter the forklift business as a dealer for Mitsubishi-Caterpillar Forklift of America (MCFA) when it paid $1,658 for service manuals, which MCFA had commanded it to possess. MCFA denied that it had charged To-Am a franchise fee and asserted that it was not obligated to To-Am under the state Franchise Disclosure Act. Decide. [To-Am Equipment Co. v. Mitsubishi-Caterpillar Forklift of America, 853 Supp. 987 (N.D. Ill.)]

Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...
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Andersons Business Law and the Legal Environment

ISBN: 978-1133587583

22nd edition

Authors: David P. Twomey, Marianne M. Jennings

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