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.
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