§ 14–118

Statutes in effect as of October 1, 2026.

Md. Code Ann., Bus. Reg. § 14-118 (2026)

Title 14. Business Opportunities, Franchises, and Multilevel Distribution Companies

Subtitle 1. Business Opportunities

(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.