1. (a) Every business opportunity contract shall be in writing and a copy shall be given to the purchaser at the time he signs the contract.

2. (b) Every contract for a business opportunity shall include the following:

   1. (1) The terms and conditions of payment;
   2. (2) A detailed description of the services that the business opportunity seller undertakes to perform for the purchaser;
   3. (3) The seller's principal business address and the name and address of its agent in the State authorized to receive service of process;
   4. (4) The approximate delivery date of any product, equipment or supplies the business opportunity seller is to deliver to the purchaser.

HISTORY: 1980 Act No. 474, Section 7.