If any material section of this chapter, as determined by the grantor, is held to be invalid or preempted by federal, state, or county regulations or laws, the grantor shall negotiate with grantee appropriate modifications to the franchise to provide reasonable relief from such invalidity or preemption, including the payment of liquidated damages. If the parties are unable to reach agreement on such modifications, then the dispute shall be submitted to a mutually agreeable arbitrator, in accordance with state law, who shall determine what modifications and/or liquidated damages are appropriate. The arbitrator’s decision shall be binding on the parties, provided, that no decision of the arbitrator shall require the grantor or grantee to be in violation of any federal or state law or regulation.
(Prior Code, § 115.006) (Ord. D-1485, § 14.3, passed 6-3-1985, effective 6-13-1985)