1. 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.

2. B. Every contract for the sale of a business opportunity shall include the following:

   1. 1. The terms and conditions of payment;
   2. 2. A full and detailed description of the acts or 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 Commonwealth of Virginia authorized to receive service of process;
   4. 4. A full and detailed description of any product, products, equipment or supplies the business opportunity seller is to deliver to the purchaser;
   5. 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.