Dealer Statutes: What’s Most Important?
Written by: James Waite, Esq. and Rene Del Barco
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Volvo CE Net Sales Drop 34% in North America for 3Q
Volvo CE reported a notable drop in North America net sales and net order intake for its third quarter of 2024. Sales in North America for the quarter came in at $476 million, down 34% from the $726 million Volvo saw in last year’s third quarter.
Lessons Learned from a Class Action Suit on Damage Waiver
This class action lawsuit filed against Hertz Equipment Rental is good reason to revisit your policy on damage waivers. Whether to offer a damage waiver remains one of the most hotly debated issues in the equipment rental industry. Comments range from: “It has no
Follow These Steps to Achieve Damage Waiver Success
After nearly 10 years of offering damage waivers at Busylad Rent-All in Tupelo, Miss., the company’s president, Buddy Stubbs, says, “There’s no reason in my mind not to charge a damage waiver.” Like others, Stubbs and his employees had some doubts about damage waivers
The State of the Equipment Industry – IEDA Presentation 2023
James Waite presents on The State of the Equipment Industry from an economic outlook and how to better prepare for what is to come.
Marijuana & Employment Law : Dazed & Confused
An equipment industry client asked the following question: Can my employees use marijuana? If so, when, where, and what can I do about it? Generally: the answer depends largely on where and for whom you are working. LEGALITY: FEDERAL LAW: Marijuana use
The Case for a Bill of Sale
Question: I sell new and used equipment. I usually don’t have buyers sign a separate contract or bill of sale because I have a provision in my rental contract that I believe covers sales. Is that enough or is there some reason I need
Buying Assets or Equity
Question: I’m considering buying a competing equipment dealership. I’m being told that I should buy the assets rather than the equity of the target business because, if I do that, my company won’t assume any of the seller’s liabilities. Is that true? Answer: For most business
Understanding Incoterms : What you should watch for when buying equipment
Question: I’m buying some equipment, and the shipping terms in the purchase agreement refer to “EXW Incoterms 2020.” I’m generally familiar with “Incoterms,” but I don’t really have a lot of time to study what each one means. Can you give me a summary of