(a) Whenever a contract agreement between a dealer and a supplier is terminated by either party, the supplier shall repurchase the dealer’s inventory as provided in this subchapter unless the dealer chooses to keep the inventory.
(b) If the dealer principal who is a party to a contract agreement dies or becomes incompetent, the supplier shall, at the option of the personal representative or guardian, repurchase the inventory as if the agreement had been terminated. The personal representative or guardian has 1 year from the date of the death or incompetency of the dealer principal to exercise the option under this subchapter.
(c) This subchapter does not apply to a supplier that does not require the dealer to order and maintain an inventory in excess of $25,000 at current net price from the supplier.
66 Del. Laws, c. 173,
§
1;
Notes of Decisions
S. Track & Pump, Inc. v. Terex Corp., 852 F. Supp. 2d 456 (D. Del. 2012).
“” 6 Del. C. § 2722(a) (emphasis added). Section 2720(2) of the Dealer Statute, in turn, defines a “contract agreement” to mean “a written or oral contract or agreement between a dealer and a supplier by which .”
Terex Corp. (Del. 2015).
· cites it 5× “Instead of complying with that request, Southern Track sent Terex a letter in June 2008 that 2 See 6 Del. C. § 2722(a) (providing that the termination of a contract agreement “by either party” triggers the supplier’s obligation to “repurchase the dealer’s inventory as provided…”
Terex Corp. (Del. 2015).
· cites it 5× “Instead of complying with that request, Southern Track sent Terex a letter in June 2008 that 2 See 6 Del. C. § 2722(a) (providing that the termination of a contract agreement “by either party” triggers the supplier’s obligation to “repurchase the dealer’s inventory as provided…”
— 6 Del. C. § 2722(a) — 3 cases
S. Track & Pump, Inc. v. Terex Corp., 852 F. Supp. 2d 456 (D. Del. 2012).
“” 6 Del. C. § 2722(a) (emphasis added). Section 2720(2) of the Dealer Statute, in turn, defines a “contract agreement” to mean “a written or oral contract or agreement between a dealer and a supplier by which .”
Terex Corp. (Del. 2015).
“Instead of complying with that request, Southern Track sent Terex a letter in June 2008 that 2 See 6 Del. C. § 2722(a) (providing that the termination of a contract agreement “by either party” triggers the supplier’s obligation to “repurchase the dealer’s inventory as provided…”
Terex Corp. (Del. 2015).
“Instead of complying with that request, Southern Track sent Terex a letter in June 2008 that 2 See 6 Del. C. § 2722(a) (providing that the termination of a contract agreement “by either party” triggers the supplier’s obligation to “repurchase the dealer’s inventory as provided…”
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