Dealers being asked by OEM's to amend franchise agreement

As part of the application process for the Payment Protection Program (PPP), you may receive a request from your manufacturer (not all OEMs) to execute an amendment to your franchise agreement per SBA Form 2462. This is a standard form that the SBA is requiring of some manufacturers to obtain a Franchise ID Code. 

FADA’s lawyers have reviewed the form and indicated that the amendments are not detrimental to dealers. In some cases the provisions are preempted by Florida law and in some instances the changes are actually beneficial to dealers. You should agree to these amendments.
Some OEMs are required to get FIC Codes for PPP  

If your OEM is requiring you to get a FIC Code in order to apply for the Payment Protection Program (PPP), click here to reference the latest list of OEMs who have obtained FICs as of 4/4/20.
Revised letter for all dealers to use with local officials

Please click here to get our revised letter for use with local officials for new car dealers as essential service providers – for employees and for use with local officials at the store.
FADA recommended practices  

When Governor Ron DeSantis approved FADA members as “essential” businesses he did so with a requisite that we would take reasonable action to ensure adherence to the CDC's guidelines. Please click here to read our recommended practices for all dealerships.
Webinar: An employee has tested positive. Now what?  

NADA and Fisher & Phillips are hosting a webinar tomorrow, Tuesday April 7, 2020 from 1pm-2pm ET to discuss legal issues and suggested best practices for when employees exhibit COVID-19 symptoms or test positive for the virus. REGISTER HERE.
RESOURCES

Click on the image (right) to visit our COVID-19 resource page on our website.

As always, please send all questions and concerns to FADA here .
April 6, 2020 | 5:00pm EST