§ 14-118
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/md/business-regulation/14-118A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§14–118.
(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.