Delivery of written disclosure document to purchaser required.

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37-25A-14. Delivery of written disclosure document to purchaser required.

No person may offer or sell any business opportunity required to be registered under this chapter unless a written disclosure document as filed under §37-25A-8 is delivered to each purchaser at least ten business days prior to the execution by a purchaser of any contract or agreement imposing a binding legal obligation on the purchaser or the payment by the purchaser of any consideration in connection with the offer or sale of the business opportunity.

Source: SL 1985, ch 305, §14.


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