Current with changes from the 2024 legislative session through ch. 845
Section 59.1-267 - Contracts required to be in writing; contentsA. 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.B. Every contract for the sale of a business opportunity shall include the following: 1. The terms and conditions of payment;2. A full and detailed description of the acts or services that the business opportunity seller undertakes to perform for the purchaser;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. A full and detailed description of any product, products, equipment or supplies the business opportunity seller is to deliver to the purchaser;5. The approximate delivery date of any product, products, equipment, or supplies the business opportunity seller is to deliver to the purchaser.Amended by Acts 1979, § c.523.