Upon termination of any franchise by a franchisor without good cause, the franchisor shall, at the franchisee's option, repurchase at franchisee's net cost, less a reasonable allowance for depreciation or obsolescence, the franchisee's inventory, supplies, equipment, and furnishings purchased by the franchisee from the franchisor or its approved sources; however, no compensation shall be allowed for the personalized items which have no value to the franchisor.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 6 - Business Practices
Subchapter 2 - Arkansas Franchise Practices Act
§ 4-72-203. Applicability of subchapter
§ 4-72-204. Termination, cancellation, or failure to renew
§ 4-72-205. Transfer, assignment, or sale of franchise
§ 4-72-206. Unlawful practices of franchisors
§ 4-72-207. Misleading and fraudulent schemes — Penalty — Prosecutions
§ 4-72-208. Franchisee's remedies