Kentucky Revised Statutes Title XXIX. Commerce and Trade § 367.801.Definitions for KRS 367.801 to 367.819 and KRS 367.990

(1) “Division” means Division of Consumer Protection of the Office of the Attorney General.

(2) “Person” means natural persons, corporations, trusts, partnerships, incorporated or unincorporated associations, or any other legal entity.

(3) “Offeror” means a person who is engaged in the business of selling business opportunities including any subsidiary business which affiliates with the offeror for goods or services or locations.

(4) “Consumer/investor” means a person who has purchased or is solicited for the purchase of a business opportunity.

(5) “Business opportunity” means the sale or lease, or offer to sell or lease, of any products, equipment, supplies, or services for the purpose of enabling the consumer investor to start a business when:

2. The offeror has represented that locations will be provided or assistance will be given directly or indirectly to the consumer/investor in finding locations for the use or operation of the business opportunity including, but not limited to, supplying the consumer/investor with names of locator companies, contracting with the consumer/investor to provide assistance with or supply names of or collect a fee on behalf of or for a locator company; or

3. The offeror has represented that there is a guaranteed market or that the offeror will buy back or is likely to buy back any product made, manufactured, produced, fabricated, grown, or bred by the consumer/investor using, in whole or in part, the products, supplies, equipment, or services which were initially sold or offered for sale to the consumer/investor by the offeror.