Whenever any retailer enters into an agreement, evidenced by a written or oral contract, with a supplier wherein the retailer agrees to maintain an inventory of parts and to provide service and the contract is terminated, then the supplier shall repurchase the inventory as provided in this part. The retailer may keep the inventory if the retailer desires. If the retailer has any outstanding debts to the supplier, then the repurchase amount may be set off or credited to the retailer's account.
Tenn. Code Ann. § 47-25-1303
Retailer's right to have inventory repurchased
Applied in 1 court decision — leading case 268 F. Supp. 2d 981 - Power & Telephone Supply Co., Inc. v. Harmonic, Inc. (2003)
Most recently applied in 268 F. Supp. 2d 981 - Power & Telephone Supply Co., Inc. v. Harmonic, Inc. (June 2003)
Acts 1999, ch. 193, § 4.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.