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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) Every business opportunity contract or agreement shall be in writing and a copy shall be given to the purchaser-investor at the time he signs the contract.
(b) Every contract or agreement for 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-investor; (3) the seller's principal business address and the name and address of its agent in Connecticut authorized to receive service of process; and (4) the approximate delivery date of any product or products, equipment, supplies or operational guidelines the business opportunity seller is to deliver to the purchaser-investor and an approximate timetable for performance of services necessary to begin substantial operation of the business.
Cite this article: FindLaw.com - Connecticut General Statutes Title 36B. Connecticut Securities Law and Business Opportunity Investment Act § 36b-66. Contract to be in writing. Information required - last updated January 01, 2025 | https://codes.findlaw.com/ct/title-36b-connecticut-securities-law-and-business-opportunity-investment-act/ct-gen-st-sect-36b-66/
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