Illinois General Assembly - Illinois Compiled Statutes

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815 ILCS 715/2

(815 ILCS 715/2) (from Ch. 5, par. 1502)

Sec. 2.

As used in this Act unless the context clearly requires otherwise:

(1) "Current net price" shall mean the price listed in the wholesaler's,
manufacturer's, or distributor's price list in effect at the time the
contract is canceled or discontinued, less any applicable trade, volume
and/or cash discounts;

(2) "Inventory" shall mean farm implements, farm machinery, attachments,
accessories and repair parts, outdoor power equipment including but not limited to all-terrain vehicles or off-highway motorcycles, construction
equipment, industrial equipment, attachments, accessories and repair parts;

(3) "Net cost" shall mean the price the retailer actually paid for the
merchandise to the wholesaler, manufacturer or distributor, plus freight
from the wholesaler's, manufacturer's or distributor's  location to the
dealer's location;

(4) "Retailer" shall mean any person, firm or corporation engaged
in the business of selling and retailing outdoor power equipment including but not limited to all-terrain vehicles or off-highway motorcycles, farm
implements, farm machinery, attachments accessories or repair parts and
retailers of construction or industrial equipment, attachments or
accessories or repair parts, but shall not include retailers of petroleum
and motor vehicles and related automotive care and replacement products
normally sold by such retailers.

(Source: P.A. 96-1155, eff. 7-21-10.)