2011 Code of Virginia
Title 59.1 TRADE AND COMMERCE.
Chapter 21 Business Opportunity Sales Act (59.1-262 thru 59.1-269)
59.1-267 Contracts required to be in writing; contents
59.1-267. Contracts required to be in writing; contents.
A. Every business opportunity sales contract shall be in writing and a copy shall be given to the purchaser at the time he signs the contract.
B. Every contract for the sale of a business opportunity shall include the following:
1. The terms and conditions of payment;
2. A full and detailed description of the acts or services that the business opportunity seller undertakes to perform for the purchaser;
3. The seller's principal business address and the name and address of its agent in the Commonwealth of Virginia authorized to receive service of process;
4. A full and detailed description of any product, products, equipment or supplies the business opportunity seller is to deliver to the purchaser;
5. The approximate delivery date of any product, products, equipment, or supplies the business opportunity seller is to deliver to the purchaser.
(1979, c. 523.)
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