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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>372813</law_id><section_number>59.1-21.11:2</section_number><catch_line>Required provisions pertaining to agreements between jobber/distributors and dealers</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="127" identifier="59.1">Trade and Commerce</unit><unit label="chapter" level="2" order_by="5" identifier="2.2">Virginia Petroleum Products Franchise Act</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> A term of an initial agreement between a jobber/distributor and a <span class="dictionary">dealer</span> relating to specific marketing premises shall not be less than one year, and the term of all subsequent agreements between the jobber/distributor and the <span class="dictionary">dealer</span> relating to the same marketing premises shall not be for less than three years. The rental provisions in any such agreement or <span class="dictionary">franchise</span> shall be based on commercially fair and reasonable standards at a fair market value of the <span class="dictionary">leased marketing premises</span>. If a <span class="dictionary">dealer</span> believes the terms of the agreement offered do not meet a fair market value, such <span class="dictionary">dealer</span> may hire, at his expense, an independent third-<span class="dictionary">party</span> appraisal company from a list of appraisal companies provided by the jobber/distributor to provide a market valuation study. Such study shall (i) be for informational purposes only, (ii) not require either <span class="dictionary">party</span> to disclose confidential business information, and (iii) not bind either <span class="dictionary">party</span>. <a id="paragraph-1390353" class="section-permalink" href="https://vacode.org/59.1-21.11_2/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> The provisions of this section shall be limited to Planning District 8 and shall apply to initial <span class="dictionary">franchise agreements</span> and renewals of <span class="dictionary">franchise agreements</span> entered into after July 1, 2024. <a id="paragraph-1390354" class="section-permalink" href="https://vacode.org/59.1-21.11_2/#B"><i class="fa fa-link"/></a></p></section></text><history>2024, cc. 639, 668.</history><metadata></metadata></law>
