87-706 – Repair parts; returns; duties of supplier.
87-706. Repair parts; returns; duties of supplier. (1) A supplier shall provide for the availability of repair parts throughout the reasonable useful life of any equipment sold. (2) A supplier shall at least annually provide dealers an opportunity to return surplus repair parts for credit without restrictions as follows: (a)(i) The supplier may notify the […]
87-707 – Termination of dealer agreement; supplier and dealer; rights and duties; liability.
87-707. Termination of dealer agreement; supplier and dealer; rights and duties; liability. (1) Whenever any dealer enters into a dealer agreement with a supplier in which the dealer agrees to maintain an inventory of equipment, attachments, or repair parts and the dealer agreement is subsequently terminated, the supplier shall: (a) Repurchase the inventory by: (i) […]
87-708 – Death or incapacity of dealer; heirs or personal representative; rights and remedies.
87-708. Death or incapacity of dealer; heirs or personal representative; rights and remedies. (1) In the event of the death or incapacity of a dealer or the majority stockholder of a corporation operating as a dealer, the supplier shall, at the option of the heirs at law if the dealer or majority stockholder died intestate […]
87-709 – Dealer agreement; void and unenforceable; when; violations; remedies.
87-709. Dealer agreement; void and unenforceable; when; violations; remedies. (1) A term of a dealer agreement which is inconsistent with the terms of the Equipment Business Regulation Act shall be void and unenforceable and shall not waive any rights which are provided to a person by the act. (2) A dealer may bring an action […]
87-606 – Contract for invention development services; contents.
87-606. Contract for invention development services; contents. Every contract for invention development services shall set forth in boldface of at least ten-point type the following: (1) The terms and conditions of payment and contract termination rights required by section 87-603; (2) A full, clear, and concise description of the specific acts or services that the […]
87-607 – Contract for invention development services; voidable; when; civil action authorized; additional amount distributed to common schools; when; rebuttable presumption.
87-607. Contract for invention development services; voidable; when; civil action authorized; additional amount distributed to common schools; when; rebuttable presumption. (1) Any contract for invention development services which does not substantially comply with the Invention Development Services Disclosure Act shall be voidable at the option of the customer. Any contract for invention development services entered […]
87-608 – Attorney General; enforcement duties; civil penalty.
87-608. Attorney General; enforcement duties; civil penalty. (1) For purposes of enforcing the Invention Development Services Disclosure Act, the Attorney General may conduct investigations, hold hearings, and compel the attendance of witnesses and the production of accounts, books, and documents by the issuance of subpoenas. (2) The Attorney General shall enforce the act and may […]
87-609 – Invention developer; bond; filings required; fees.
87-609. Invention developer; bond; filings required; fees. (1) Every invention developer rendering or offering to render invention development services in this state shall maintain a bond issued by a surety company holding a certificate of authority to transact business in this state, the principal sum of which shall not be less than twenty-five thousand dollars […]
87-610 – Remedies; not exclusive.
87-610. Remedies; not exclusive. Nothing in the Invention Development Services Disclosure Act shall limit any obligations, rights, or remedies that might otherwise be applicable or available under the law of this state. Source Laws 1991, LB 96, § 10.
87-701 – Act, how cited.
87-701. Act, how cited. Sections 87-701 to 87-711 shall be known and may be cited as the Equipment Business Regulation Act. Source Laws 1991, LB 123, § 1.