Loading chat...
NJ S2336
Bill
Status
1/29/2024
Primary Sponsor
Raj Mukherji
Click for details
AI Summary
-
Defines "hospitality franchise" as written arrangements granting licenses to use trade names or marks for hotels, motels, inns, and similar lodging establishments, and classifies such franchises as "merchandise" under New Jersey's consumer fraud act
-
Prohibits hospitality franchisors from imposing post-termination non-compete restrictions lasting more than six months or extending beyond the county where the franchise was located
-
Bars franchisors from requiring capital investments over $25,000 more than once every five years unless the franchisee can recover the investment during the remaining franchise term
-
Requires franchisors to disclose and turn over to franchisees any rebates, commissions, or kickbacks received from vendors, and prohibits exclusive purchasing requirements when comparable goods are available elsewhere
-
Prohibits franchisors from imposing undisclosed fees, charging for negative guest reviews, selling loyalty program points without fair compensation to franchisees, or denying access to essential franchise services like property management systems and online listings
Legislative Description
Concerns hospitality franchise agreements.
Commerce
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee
1/29/2024