An Act amending successor supplier laws
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to clarify and update Massachusetts’ laws regarding ‘successor supplier’ agreements, which govern the sale of goods from one wholesaler to another. Specifically, it addresses the circumstances under which a wholesaler who acquires a business must continue to supply goods to its successor wholesaler, particularly when those goods carry established brand names. The bill seeks to ensure fairness and predictability in these transactions, protecting both suppliers and wholesalers.
Key provisions
- Defines ‘successor supplier’ in the context of wholesale sales.
- Addresses the obligation of a successor wholesaler to continue supplying goods with brand names.
- Clarifies the circumstances under which a successor wholesaler may terminate supply agreements.
- Establishes a process for notifying wholesalers of a business acquisition.
- Provides for potential remedies if a successor wholesaler fails to fulfill their obligations.
Who is affected
- Wholesalers
- Retailers
- Brand owners
- Consumers
- Massachusetts businesses
Notable changes
- The bill updates existing laws related to successor supplier agreements.
- It potentially clarifies the scope of obligations for successor wholesalers regarding brand-name goods.
- It may provide a more structured process for business acquisitions and supply transitions.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours