Texas Business & Commerce Code

§ 51.201 — FORM OF BUSINESS OPPORTUNITY CONTRACT

BC § 51.201Title 4. BUSINESS OPPORTUNITIES AND AGREEMENTS · Ch. 51. BUSINESS OPPORTUNITIES · Art. E. BUSINESS OPPORTUNITY CONTRACT

Statute text

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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:

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Legislative history

Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.