Which term is defined in NRS 489.101?

The term "Franchise" is defined in NRS 489.101, which is significant because this statute provides specific legal definitions related to manufactured housing and its regulation within Nevada. In the context of manufactured housing, a franchise typically refers to a licensing agreement wherein a manufacturer grants a retailer or dealer the right to sell its products, often involving specific operational guidelines, marketing, and brand representation standards.

Understanding the definition of "Franchise" is crucial for anyone involved in the manufactured housing industry, as it governs the relationship between manufacturers and dealers and outlines the rights and obligations of each party. This includes aspects like territory, use of branding, and performance criteria, all of which are vital for maintaining compliance with state laws and ensuring a fair operating environment within the industry.

The other terms, such as "Firm," "Franchisor," and "Commercial Coach," while relevant to business operations and definitions within the manufactured housing space, are not the specific focus of NRS 489.101, which clearly delineates the parameters for what constitutes a franchise in this context. Understanding these definitions is essential for navigating legal and operational frameworks effectively.