A. Every recreational vehicle manufacturer, distributor or representative shall execute a written franchise or sales agreement with each of its recreational vehicle dealers. Each agreement shall include the following provisions: (1) warranty service obligations, including rates charged by a dealer for performing warranty service; (2) specific territory or market area designation; (3) grounds for termination; (4) repurchase obligations; (5) sales volume and performance; and (6) dispute resolution procedures. B. Notwithstanding the provisions of Subsection A of this section, a dealer and manufacturer, distributor or representative may mutually agree not to include the provisions listed in Paragraphs (2) through (6) of Subsection A of this section; provided, however, a written declaration stating which of the provisions were intentionally omitted and not applicable shall be incorporated into the written agreement. History: Laws 1995, ch. 19, § 2; 2003, ch. 199, § 1. ANNOTATIONSThe 2003 amendment, effective July 1, 2003, inserted 'including rates charged by a dealer for performing warranty service' at the end of Paragraph A(1).
New Mexico Legal Code