Retail franchise agreements; governing law, competition restrictions.

Summary

The bill updates Virginia’s franchise code to define key terms, require franchisors to give franchisees copies of agreements and disclosures, and prohibit contracts that stop former franchisees from selling similar goods after the agreement ends, except for a limited two‑year restriction in certain resale cases. It applies to franchises that operate a physical place of business in Virginia and does not change contracts signed before July 1 2026.

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