<?xml version='1.0' encoding='utf-8'?>
<section article="gbr" article_name="Business Regulation" number="14-118" title_number="14" title_name="Business Opportunities, Franchises, and Multilevel Distribution Companies" subtitle_number="1" subtitle_name="Business Opportunities">
  <level label="a">
    <text>Each contract for the sale of a business opportunity shall be in writing.</text>
  </level>
  <level label="b">
    <text>The contract shall include:</text>
    <level label="1">
      <text>the terms and conditions of payment;</text>
    </level>
    <level label="2">
      <text>a full and detailed description of the acts or services that the seller agrees to perform for the buyer;</text>
    </level>
    <level label="3">
      <text>the address of the seller’s principal office;</text>
    </level>
    <level label="4">
      <text>the name and address of the seller’s resident agent; and</text>
    </level>
    <level label="5">
      <text>the approximate date that the seller will deliver to the buyer any products, equipment, or supplies.</text>
    </level>
  </level>
  <level label="c">
    <text>When a buyer signs a contract for the sale of a business opportunity, the seller shall give the buyer a copy of the contract.</text>
  </level>
</section>
