Va. Code § 59.1-267: Contracts required to be in writing; contents
Where this section sits in the code
- Title 59.1. TRADE AND COMMERCE
- Chapter 21. BUSINESS OPPORTUNITY SALES ACT
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.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.1979, c. 523.
Collected 2026-09-04T15:17:49Z. Source file · JSON