Tex. Business & Commerce Code § 51.201
This is the official text of Tex. Business & Commerce Code § 51.201, part of Texas’s Business & Commerce Code — governs commercial transactions and general business practices.
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§ 51.201. FORM OF BUSINESS OPPORTUNITY CONTRACT.
Official statutory text
A business opportunity contract must be in writing and include, in 10-point type or in handwriting of an equivalent size, the following:
(1) the terms of payment, including the initial consideration, down payment, and additional payments required;
(2) a detailed description of the acts or services the seller undertakes to perform for the purchaser;
(3) the seller's principal business address;
(4) the name and address of the seller's agent in this state authorized to receive service of process;
(5) the delivery date or, if the contract provides for staggered delivery times to the purchaser, the approximate delivery date of the products, equipment, or supplies the seller is to:
(A) deliver to the purchaser's home or business address; or
(B) place at a location owned or managed by a person other than the purchaser; and
(6) a complete description of the nature of the buy-back or security arrangement if the seller has represented orally or in writing when selling, leasing, soliciting, or offering a business opportunity that there is a buy-back or that the initial consideration is secured.
(1) the terms of payment, including the initial consideration, down payment, and additional payments required;
(2) a detailed description of the acts or services the seller undertakes to perform for the purchaser;
(3) the seller's principal business address;
(4) the name and address of the seller's agent in this state authorized to receive service of process;
(5) the delivery date or, if the contract provides for staggered delivery times to the purchaser, the approximate delivery date of the products, equipment, or supplies the seller is to:
(A) deliver to the purchaser's home or business address; or
(B) place at a location owned or managed by a person other than the purchaser; and
(6) a complete description of the nature of the buy-back or security arrangement if the seller has represented orally or in writing when selling, leasing, soliciting, or offering a business opportunity that there is a buy-back or that the initial consideration is secured.
Status: in_force · Read it on the official government site
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