State Codes and Statutes
Statutes > Virginia > Title-59-1 > Chapter-21 > 59-1-267§ 59.1-267. Contracts required to be in writing; contents.
A. Every business opportunity sales contract shall be in writing and a copyshall be given to the purchaser at the time he signs the contract.
B. Every contract for the sale of a business opportunity shall include thefollowing:
1. The terms and conditions of payment;
2. A full and detailed description of the acts or services that the businessopportunity seller undertakes to perform for the purchaser;
3. The seller's principal business address and the name and address of itsagent in the Commonwealth of Virginia authorized to receive service ofprocess;
4. A full and detailed description of any product, products, equipment orsupplies the business opportunity seller is to deliver to the purchaser;
5. The approximate delivery date of any product, products, equipment, orsupplies the business opportunity seller is to deliver to the purchaser.
(1979, c. 523.)
