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Current as of January 01, 2024 | Updated by Findlaw Staff
In selling, leasing, or offering to sell or lease a seller-assisted marketing plan in this state, sellers of such plans shall not:
(1) Use the phrase buy-back or secured investment or similar phrase orally or in writing when soliciting, offering, leasing, or selling a seller-assisted marketing plan if the security is the value of the equipment, supplies, products, or services supplied by the seller to the purchaser; or
(2) Use the phrase buy-back or secured investment or similar phrase orally or in writing when soliciting, offering, leasing, or selling a seller-assisted marketing plan unless there are no restrictions or qualifications whatsoever preventing or limiting a purchaser from being able to invoke the buy-back or secured portion of the seller-assisted marketing plan contract at any time the purchaser desires during the one-year period following the contract date.
Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 59. Monopolies and Unlawful Restraints Of Trade § 59-1726. Marketing plan; seller; use of certain phrases; prohibited - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-59-monopolies-and-unlawful-restraint-of-trade/ne-rev-st-sect-59-1726/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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