Md. Code Ann., Bus. Reg. § 14-118
Business opportunity contract for sale
Effective Oct 1, 1996Added by Acts 1992, c. 4, § 2. Amended by Acts 1992, c. 26, § 4; renumbered from Business Regulation § 14-119 by Acts 1996, c. 517, § 1, eff. Oct. 1, 1996.State of Maryland
- (a) Each contract for the sale of a business opportunity shall be in writing.
(b) The contract shall include:
- (1) the terms and conditions of payment;
- (2) a full and detailed description of the acts or services that the seller agrees to perform for the buyer;
- (3) the address of the seller's principal office;
- (4) the name and address of the seller's resident agent; and
- (5) the approximate date that the seller will deliver to the buyer any products, equipment, or supplies.
- (c) When a buyer signs a contract for the sale of a business opportunity, the seller shall give the buyer a copy of the contract.
Added by Acts 1992, c. 4, § 2. Amended by Acts 1992, c. 26, § 4; renumbered from Business Regulation § 14-119 by Acts 1996, c. 517, § 1, eff. Oct. 1, 1996.
Formerly Art. 56, § 411.