Md. Code, Business Regulation § 14-118
This is the official text of Md. Code, Business Regulation § 14-118, part of Maryland’s Code, Business Regulation — governs general business licensing and regulation.
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§14–118.
Official statutory text
(a) Each contract for the sale of a business opportunity shall be in writing.
(b) The contract shall include:
(1) the terms and conditions of payment;
(2) a full and detailed description of the acts or services that the seller agrees to perform for the buyer;
(3) the address of the seller’s principal office;
(4) the name and address of the seller’s resident agent; and
(5) the approximate date that the seller will deliver to the buyer any products, equipment, or supplies.
(c) When a buyer signs a contract for the sale of a business opportunity, the seller shall give the buyer a copy of the contract.
(b) The contract shall include:
(1) the terms and conditions of payment;
(2) a full and detailed description of the acts or services that the seller agrees to perform for the buyer;
(3) the address of the seller’s principal office;
(4) the name and address of the seller’s resident agent; and
(5) the approximate date that the seller will deliver to the buyer any products, equipment, or supplies.
(c) When a buyer signs a contract for the sale of a business opportunity, the seller shall give the buyer a copy of the contract.
Status: in_force · Read it on the official government site
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