Illinois General Assembly - Illinois Compiled Statutes

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815 ILCS 705/20

(815 ILCS 705/20) (from Ch. 121 1/2, par. 1720)

Sec. 20.

Nonrenewal of a franchise.

It shall be a violation of this
Act for a franchisor to refuse to renew a franchise of a franchised business
located in this State without compensating the franchisee either by repurchase
or by other means for the diminution in the value of the franchised business
caused by the expiration of the franchise where:

(a) the franchisee is barred by the franchise agreement (or by the refusal
of the franchisor at least 6 months prior to the expiration date of the
franchise to waive any portion of the franchise agreement which prohibits
the franchisee) from continuing to conduct substantially the same business
under another trademark, service mark, trade name or commercial symbol in
the same area subsequent to the expiration of the franchise; or

(b) the franchisee has not been sent notice of the franchisor's intent
not to renew the franchise at least 6 months prior to the expiration date
or any extension thereof of the franchise.

(Source: P.A. 85-551.)