Author: admin

Name: Bass Sox Mercer | Auto Dealer Franchise Law
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BSM Assists Dealers Compile Their PPP Loan Forgiveness Applications

Written by admin on September 23, 2020. Posted in 2020, Newsbrief, Newsletter.

BSM Shareholder, Richard Sox, and his team are actively assisting dealers ready their PPP Loan Forgiveness applications for submission to their lender. This assistance includes answering questions related to interpretation of the SBA promulgated rules related to the use of loan proceeds, seeking...

BSM Retained to Challenge the Lincoln Commitment Program on behalf of the New Jersey Coalition of Automobile Retailers

Written by admin on September 23, 2020. Posted in 2020, Newsbrief, Newsletter.

NJCAR has retained BSM to file a complaint in New Jersey federal court challenging the Lincoln Commitment Program as a violation of the New Jersey franchise protections. The New Jersey Lincoln dealers overwhelmingly objected to the requirement in the Lincoln Commitment Program to construct an...

Due Diligence Standard in Today’s Automotive Buy-Sell Market

Written by admin on September 23, 2020. Posted in 2020, Newsletter, Transaction Update.

Back in April and May of this year, the economy came to a grinding halt as many cities ordered businesses to close. Things looked pretty dismal, both for our dealer clients and Bass Sox Mercer. The phone stopped ringing and several buy-sells in our pipeline were terminated by buyers. Come...

Dealer Agreement Renewals and Modifications: Dot Your “I’s” and Cross Your “T’s”

Written by admin on September 23, 2020. Posted in 2020, Franchise News, Newsletter.

When changes are made to your Dealer Agreement, which many times occurs upon renewal, they should be carefully scrutinized to ensure that they are not harmful to your dealership. In many states, dealers are afforded the opportunity to challenge these changes, and that opportunity may be...

Hyundai Motor America’s New ROFR Addendum

Written by admin on September 23, 2020. Posted in 2020, Franchise News, Newsletter.

HMA has recently started sending a Right of First Refusal Addendum (the “Addendum”) to Hyundai dealers for signature. Many dealers have been questioning whether the language included in the Addendum is standard for rights of first refusal (“ROFR”) in a Dealer Sales and Service Agreement...

Author: admin

2024 Transaction Update

Prohibiting Unauthorized Charges: Subaru’s Technical Service Content

Second Delivery Programs – A Useful Tool for Dealers or Manufacturers’ Quiet Encroachment

Falling Down on the Job – Reducing Costs Associated with Injured Workers

Bass Sox Mercer Adopts Local Families for Christmas