Sec 44-1553. Voidable franchises

Any franchise may be cancelled by the dealer at his option by sending a written declaration of that fact and the reasons therefor to the distributor if:

1. The distributor's offer was fraudulent or unlawful, provided that the dealer send such written declaration within sixty days after discovery thereof.

2. The dealer was not afforded the opportunity to negotiate with the distributor on all provisions within the franchise, except that such negotiations shall not impair the uniform image and quality standards of the franchise, provided that the dealer send such written declaration within ten days after execution of the franchise.

3. The dealer was not furnished a copy of the franchise agreement at least seventy-two hours prior to execution. The dealer shall send such written cancellation within ten days after execution of the franchise.

4. The dealer was not furnished the disclosure set forth in section 44-1552 at least seventy-two hours prior to the execution of the franchise agreement. The dealer shall send such written cancellation within ten days after dealer has acquired all of the required information.