Action Update Newsletter

Permits Required to Display Vehicles at Fairs

Dealerships displaying new vehicles at county fairs or the Iowa State Fair must submit an Application for Temporary Permit to Display or Offer for Sale New Vehicles (Form 411119) to the Iowa Department of Transportation at least 10 days …

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Contracts Made by Minors Not Enforceable

In Iowa, a contract is enforceable only against a person of legal majority, which means they are at least 18-years-old or are married. Why that matters: Contracts made by minors (such as a motor vehicle purchase agreement) are …

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You Should Know: Retaining Deposits

There is a provision in the IADA copyrighted Motor Vehicle Purchase Agreement form (CPO6) that states, “If you refuse or fail to accept delivery of the purchased vehicle, we may keep your cash deposit as liquidated damages.” That seems …

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FTC Bans Non-Compete Clauses

Late last month, the Federal Trade Commission issued a final rule banning non-compete clauses, with a few exemptions. The final rule will become effective 120 days after its publication in the Federal Register. State of play: IADA is …

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