Connecticut Statutes
§ 36b-66 — (Formerly Sec. 36-509). Contract to be in writing. Information required.
Connecticut·Title 36b Connecticut Securities Law and Business Opportunity Investment Act·Ch. 672c Business Opportunity Investment Act
(a)Every business opportunity contract or agreement shall be in writing and a copy shall be given to the purchaser-investor at the time he signs the contract.
(b)Every contract or agreement for a business opportunity shall include the following:
(1)The terms and conditions of payment;
(2)a full and detailed description of the acts or services that the business opportunity seller undertakes to perform for the purchaser-investor;
(3)the seller's principal business address and the name and address of its agent in Connecticut authorized to receive service of process; and (4) the approximate delivery date of any product or products, equipment, supplies or operational guidelines the business opportunity seller is to deliver to the purchaser-investor and an approximate timetable for performa
Free access — add to your briefcase to read the full text and ask questions with AI
Connecticut § 36b-66 ((Formerly Sec. 36-509). Contract to be in writing. Information required.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(P.A. 79-458, S. 7, 19; P.A. 82-52, S. 7; P.A. 84-67, S. 7.) History: P.A. 82-52 amended Subsec. (b) to require inclusion of timetable for performance as part of contract; P.A. 84-67 amended Subsec. (b) to require that approximate delivery date of operational guidelines be included in a contract for a business opportunity; Sec. 36-509 transferred to Sec. 36b-66 in 1995.