Illinois Administrative Code
Title 14 - COMMERCE
Part 200 - FRANCHISE DISCLOSURE ACT
Subpart A - DEFINITIONS
Section 200.107 - Established Market
Universal Citation: 14 IL Admin Code ยง 200.107
Current through Register Vol. 48, No. 38, September 20, 2024
Whether a product has an established market within the meaning of Section 3(14) of the Act is determined by the following factors in Illinois or in another area with market characteristics similar to Illinois:
a) The number of wholesale and retail outlets of the seller or of competitors in a similar line of business;
b) The quantity and price of like or similar products presently sold;
c) The ability of the purchaser to resell at the suggested retail price of the manufacturer and/or wholesaler or at a reasonable markup over purchaser's cost;
d) The number of years this and similar products have been sold.
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