Illinois Compiled Statutes
Chapter 815 - BUSINESS TRANSACTIONS
815 ILCS 715/ - Illinois Equipment Fair Dealership Law.

(815 ILCS 715/1) (from Ch. 5, par. 1501)
Sec. 1.

This Act may be cited as the Illinois Equipment Fair Dealership Law.

(Source: P.A. 86-259.)
 
(815 ILCS 715/2) (from Ch. 5, par. 1502)
Sec. 2.
As used in this Act unless the context clearly requires otherwise:
(1) "Current net price" shall mean the price listed in the wholesaler's,
manufacturer's, or distributor's price list in effect at the time the
contract is canceled or discontinued, less any applicable trade, volume
and/or cash discounts;
(2) "Inventory" shall mean farm implements, farm machinery, attachments,
accessories and repair parts, outdoor power equipment including but not limited to all-terrain vehicles or off-highway motorcycles, construction
equipment, industrial equipment, attachments, accessories and repair parts;
(3) "Net cost" shall mean the price the retailer actually paid for the
merchandise to the wholesaler, manufacturer or distributor, plus freight
from the wholesaler's, manufacturer's or distributor's location to the
dealer's location;
(4) "Retailer" shall mean any person, firm or corporation engaged
in the business of selling and retailing outdoor power equipment including but not limited to all-terrain vehicles or off-highway motorcycles, farm
implements, farm machinery, attachments accessories or repair parts and
retailers of construction or industrial equipment, attachments or
accessories or repair parts, but shall not include retailers of petroleum
and motor vehicles and related automotive care and replacement products
normally sold by such retailers.

(Source: P.A. 96-1155, eff. 7-21-10.)
 
(815 ILCS 715/3) (from Ch. 5, par. 1503)
Sec. 3.

Whenever any retailer enters into a written or oral agreement
with a wholesaler, manufacturer or distributor wherein the
retailer agrees to maintain an inventory and the contract is terminated
by wholesaler, manufacturer, distributor, or retailer, then the retailer
may require the repurchase of the inventory as provided for in this Act.
If the retailer has any outstanding debts to the wholesaler, manufacturer
or distributor then the repurchase amount may be credited to the retailer's account.
Any such agreement shall either expressly or by operation of law have as
part of its terms a security agreement whereby the wholesaler, manufacturer
or distributor agrees to and does grant a security interest to the retailer
in the repurchased inventory to secure the payment of the repurchase amount
to the retailer. The perfection, priority and other matters relating to
such security interest shall be governed by Article 9 of the "Uniform Commercial Code".

(Source: P.A. 85-197.)
 
(815 ILCS 715/4) (from Ch. 5, par. 1504)
Sec. 4.

(1) The wholesaler, manufacturer or distributor shall repurchase
that inventory previously purchased from him and held by the retailer at
the date of termination of the contract. The wholesaler, manufacturer or
distributor shall pay 100% of the net cost of all new, unsold,
undamaged and complete outdoor power equipment including but not limited to all-terrain vehicles or off-highway motorcycles, farm implements, farm
machinery, attachments and accessories, construction equipment, industrial
equipment, attachments and accessories and 95% of the current net price of
all new, unused and undamaged repair parts. The retailer shall pay the
cost of transportation to the nearest warehouse maintained by the
wholesaler, manufacturer or distributor, or to a mutually agreeable site.
The wholesaler, manufacturer or distributor shall pay the retailer 5% of
the current net price on all new, unused and undamaged repair parts
returned to cover the cost of handling, packing and loading. The
wholesaler, manufacturer or distributor shall have the option of performing
the handling, packaging and loading in lieu of paying the retailer 5% for
these services; provided the same can be accomplished within 45 days of termination.
(2) Upon payment of the repurchase amount to the retailer, the title and
right of possession to the repurchased inventory shall transfer to the
wholesaler, manufacturer or distributor.

(Source: P.A. 96-1155, eff. 7-21-10.)
 
(815 ILCS 715/4.5)
Sec. 4.5.
Warranty work.
Retailers who do warranty repair work for a
consumer under the provisions of a manufacturer's express warranty shall be
reimbursed by the manufacturer for warranty work at an hourly rate that is the
same as or greater than the hourly labor rate that the retailer
charges
consumers for non-warranty repair work.
The provisions of this Section shall not apply to a supplier or dealer where
a written dealer agreement provides for compensation to a dealer for warranty
labor costs either as part of the pricing of the equipment to the dealer or in
the form of a lump sum payment, provided the payment is not less than 5% of the
suggested retail price of the equipment.

(Source: P.A. 92-847, eff. 1-1-03.)
 
(815 ILCS 715/5) (from Ch. 5, par. 1505)
Sec. 5.

The provisions of this Act shall be supplemental to any
agreement between the retailer and the manufacturer, wholesaler, or distributor
covering the return of outdoor power equipment including but not limited to all-terrain vehicles or off-highway motorcycles, farm implements, farm
machinery, attachments, accessories,
and repair parts, construction equipment, industrial equipment,
attachments, accessories, and repair parts so that the retailer can elect
to pursue either his contract
remedy or the remedy provided herein, and an election by the retailer to
pursue his contract remedy shall not bar his right to the remedy provided
herein as to those farm implements, farm machinery, attachments, accessories
and repair parts not affected by the contract remedy.

(Source: P.A. 96-1155, eff. 7-21-10.)
 
(815 ILCS 715/6) (from Ch. 5, par. 1506)
Sec. 6.

The provisions of this Act shall not be construed to affect
in any way any security interest which any financial institution, person,
wholesaler, manufacturer or distributor may have in the inventory of the
retailer, but any repurchase hereunder shall not be subject to the provisions
of Article 6 of the Uniform Commercial Code.

(Source: P.A. 83-410.)
 
(815 ILCS 715/7) (from Ch. 5, par. 1507)
Sec. 7.
The provisions of this Act shall not require the repurchase
from a retailer of:
(Source: P.A. 96-1155, eff. 7-21-10; 97-333, eff. 8-12-11.)
 
(815 ILCS 715/8) (from Ch. 5, par. 1508)
Sec. 8.

If any wholesaler, manufacturer or distributor shall fail or
refuse to repurchase any inventory as required by Section 4 of this Act,
he shall be civilly liable for 100% of the current net price of the inventory,
plus any freight charges paid by the retailer, the
retailer's attorney's fees, and court costs, plus interest at the statutory
rate from date of shipment to wholesaler, manufacturer or distributor.

(Source: P.A. 83-410.)
 
(815 ILCS 715/9) (from Ch. 5, par. 1509)
Sec. 9.

In the event of the death of the retailer or the spouse of
a surviving retailer if the retailer is operating as a tenancy by the entirety
or the majority stockholder of a corporation, operating as a retailer, the
wholesaler, manufacturer or distributor shall, at the option of the surviving
spouse or the heir or heirs, repurchase the inventory from the surviving
spouse or the heir or heirs of the retailer or majority stockholder as if
the wholesaler, manufacturer, or distributor had terminated the contract.
The surviving spouse or the heir or heirs shall have one year from the date
of death of the retailer or majority stockholder to exercise
their options under this Act. Nothing in this Act shall require the repurchase
of any inventory if the surviving spouse or the heir or heirs and wholesaler,
manufacturer or distributor enter into a new contract to operate the retail dealership.

(Source: P.A. 83-410.)
 
(815 ILCS 715/9.1) (from Ch. 5, par. 1509.1)
Sec. 9.1.

The obligations of wholesalers, manufacturers and
distributors created under this Act apply to any successors in interest or
assignees of such wholesalers, manufacturers and distributors. A successor
in interest includes any purchaser of substantially all of the assets or
over 50% of the stock, any surviving corporation resulting from a merger or
liquidation, any receiver or any trustee of the original wholesaler,
manufacturer or distributor.

(Source: P.A. 86-259.)
 
(815 ILCS 715/10) (from Ch. 5, par. 1510)
Sec. 10.

The effect of this Act may not be varied by contract or agreement
and any attempt to do so is void and unenforceable to that extent only.

(Source: P.A. 83-410.)
 
(815 ILCS 715/10.1)
Sec. 10.1.

Retailers and others
not subject to Franchise Disclosure Act of 1987. Retailers and
wholesalers, manufacturers, and distributors of inventory are
not subject to the provisions of the Franchise Disclosure Act of
1987.

(Source: P.A. 91-289, eff. 1-1-00.)
 
(815 ILCS 715/11) (from Ch. 5, par. 1511)
Sec. 11.

The provisions of this Act shall apply to all contracts now
in effect which have no expiration date and are continuing contracts, and
all other contracts entered into or renewed after the effective date of
this Act. Any contract in force and effect on the effective date of this
Act, which by its own terms will terminate on a date subsequent thereto
shall be governed by the law as it existed prior to the effective date of this Act.

(Source: P.A. 83-410.)

Structure Illinois Compiled Statutes