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<section article="gbr" article_name="Business Regulation" number="14-101" title_number="14" title_name="Business Opportunities, Franchises, and Multilevel Distribution Companies" subtitle_number="1" subtitle_name="Business Opportunities">
  <level label="a">
    <text>In this subtitle the following words have the meanings indicated.</text>
  </level>
  <level label="b">
    <text>“Business opportunity” means an arrangement between a buyer and seller in which:</text>
    <level label="1">
      <text>the seller or a person recommended or referred by the seller provides to the buyer products, equipment, supplies, or services that enable the buyer to start a business;</text>
    </level>
    <level label="2">
      <text>the buyer is required to pay the seller or a person recommended or referred by the seller $300 or more during the period beginning any time before commencing operations and ending 6 months after commencing operations of the business; and</text>
    </level>
    <level label="3">
      <text>the seller represents, directly or indirectly, orally or in writing, that:</text>
      <level label="i">
        <text>the seller or a person recommended or referred by the seller will help the buyer in finding locations for the use or operation of vending machines, racks, display cases, or other similar devices on premises that are not owned or leased by the buyer or seller;</text>
      </level>
      <level label="ii">
        <text>the seller or a person recommended or referred by the seller will help the buyer in finding outlets or accounts for the buyer’s products or services;</text>
      </level>
      <level label="iii">
        <text>the seller or a person specified by the seller will buy products made, produced, fabricated, grown, bred, or modified by the buyer;</text>
      </level>
      <level label="iv">
        <text>the seller guarantees that the buyer will receive from the business income an amount that exceeds the price paid to the seller;</text>
      </level>
      <level label="v">
        <text>if the buyer is not satisfied with the business, the seller will refund all or part of the price paid to the seller, or repurchase any of the products, equipment, or supplies provided by the seller or a person recommended or referred by the seller; or</text>
      </level>
      <level label="vi">
        <text>the seller will provide a marketing plan.</text>
      </level>
    </level>
  </level>
  <level label="c">
    <text>“Buyer” means a person who buys or leases products, equipment, supplies, or services in connection with a business opportunity.</text>
  </level>
  <level label="d">
    <text>“Commissioner” means the Securities Commissioner in the Office of the Attorney General.</text>
  </level>
  <level label="e">
    <text>“Marketing plan” means advice or training that a seller or a person recommended or referred by the seller provides to the buyer, relating to the sale of any products, equipment, supplies, or services, and the advice or training includes preparing or providing:</text>
    <level label="1">
      <text>promotional literature, brochures, pamphlets, or advertising materials;</text>
    </level>
    <level label="2">
      <text>training regarding the promotion, operation, or management of the business opportunity; or</text>
    </level>
    <level label="3">
      <text>operational, managerial, or financial guidelines or assistance.</text>
    </level>
  </level>
  <level label="f">
    <text>“Seller” means a person who sells or leases products, equipment, supplies, or services in connection with a business opportunity.</text>
  </level>
</section>
