Code of Virginia § 13.1-563. Unlawful offers.

128 words·~1 min read·/va/title-13-1/chapter-8/13-1-563

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

It shall be unlawful for any person, in connection with the sale or offer to sell a franchise in this Commonwealth, directly or indirectly:

1. To employ any device, scheme, or artifice to defraud;

2. To make any untrue statement of a material fact or to omit to state a material fact necessary in order to avoid misleading the offeree;

3. To engage in any transaction, practice, or course of business that operates or would operate as a fraud or deceit upon the franchisee; or

4. To fail to provide the franchisee a copy of

(i)the franchise agreement and

(ii)such disclosure document as may be required by rule or order of the Commission.

1972, c. 561; 1978, c. 670; 1991, c. 475; 2009, c. 148 .