AZ HB2775

Establishes Arizona Franchise Investment Protection Act creating new Chapter 41 of Title 44 to regulate franchisor-franchisee relationships and define rights and responsibilities of both parties.

Prohibits franchisor termination of franchises before term expiration except for "good cause," requiring 90 days notice and 90-day cure period (up to 365 days), with exceptions for bankruptcy, abandonment, criminal conduct, and other specified violations.

Requires franchisors to purchase inventory, equipment, fixtures and furnishings from franchisees upon lawful termination or nonrenewal at depreciated value, with limited exceptions.

Mandates franchisors provide 180 days notice before refusing to renew and allow franchisees to sell to qualified buyers; prohibits franchisors from preventing franchise sales to qualified purchasers who meet franchisor's standards for new franchisees.

Applies to franchises granted or renewed on or after January 1, 2024, excludes lodging franchises and petroleum marketing franchises, voids any contract provisions waiving chapter protections, and makes venue restrictions outside Arizona void for franchise disputes.