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Indiana Code Title 24. Trade Regulation § 24-5-8-6

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 6. (a) The seller shall put every contract in writing and shall give the investor a copy of the contract at the time the investor signs the contract.

(b) The seller shall include in every contract the following:

(1) The seller's business address and the name and business address of the seller's agent in this state authorized to receive service of process.

(2) The terms and conditions of payment.

(3) A detailed description of any services that the seller undertakes to perform for the investor.

(4) A detailed description of any training that the seller undertakes to provide to the investor.

(5) The approximate delivery date of any goods the seller is to deliver to the investor.

(6) A statement of the investor's right to cancel that must:

(A) appear under the conspicuous caption, “INVESTOR'S RIGHT TO CANCEL WITHIN 30 DAYS”;  and

(B) contain the following statement in no smaller type than the body portion of the contract:  “THE INVESTOR IN THIS BUSINESS OPPORTUNITY HAS THE RIGHT TO CANCEL THIS CONTRACT FOR ANY REASON AT ANY TIME BEFORE MIDNIGHT OF THE 30TH CALENDAR DAY AFTER THIS CONTRACT IS ENTERED INTO. YOU MAY CANCEL THIS CONTRACT BY MAILING A NOTICE THAT YOU DO NOT WANT THE BUSINESS OPPORTUNITY TO THE SELLER BEFORE _______, 20__ AT 12:00 MIDNIGHT AT _______.”.

(c) Subsection (b)(6) does not apply to a contract entered into by a substantial seller, unless required by the consumer protection division of the office of the attorney general for good cause shown after notice.

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Cite this article: FindLaw.com - Indiana Code Title 24. Trade Regulation § 24-5-8-6 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-24-trade-regulation/in-code-sect-24-5-8-6/

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