Beer Industry Fair Dealing Act
Illinois · Business Transactions · §§ 815-720-1 to 815-720-9 · 11 sections
Overview
The Beer Industry Fair Dealing Act regulates the contractual relationship between beer suppliers and the wholesalers who distribute their products, limiting the circumstances in which a supplier may amend, modify, cancel, terminate, decline to renew, or discontinue a distribution agreement, and requiring a successor supplier to take on the terms of the agreements in effect when it succeeds to the business. It also governs a wholesaler's transfer of its business and assignment of its rights, requires suppliers to compensate wholesalers whose business value is diminished by supplier conduct with arbitration available to determine the amount, and enumerates practices prohibited to suppliers and to wholesalers. Rights and causes of action under the act generally may not be waived, and violations are enforceable through civil suits for damages and costs as well as actions for declaratory and injunctive relief.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
Sections covered
- 815 ILCS 720/1This Act shall be known and may be cited as the "Beer Industry Fair Dealing Act"
- 815 ILCS 720/10Coverage and effective date
- 815 ILCS 720/1.1Business Transactions › 815 ILCS 720 — Beer Industry Fair Dealing Act
- 815 ILCS 720/2Purposes
- 815 ILCS 720/3Termination and notice of cancellation
- 815 ILCS 720/4Cancellation
- 815 ILCS 720/5Prohibited conduct
- 815 ILCS 720/6Transfer of business assets or stock
- 815 ILCS 720/7Reasonable compensation
- 815 ILCS 720/8Right of free association
- 815 ILCS 720/9Judicial and other remedies
Enacted in other states
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