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§ 14-118. Business opportunity contract for sale

West's Annotated Code of MarylandBusiness Regulation

West's Annotated Code of Maryland
Business Regulation (Refs & Annos)
Title 14. Business Opportunities, Franchises, and Multilevel Distribution Companies (Refs & Annos)
Subtitle 1. Business Opportunities (Refs & Annos)
MD Code, Business Regulation, § 14-118
§ 14-118. Business opportunity contract for sale
Currentness
(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.

Credits

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.
MD Code, Business Regulation, § 14-118, MD BUS REG § 14-118
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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