Connecticut § 36b-66 (Formerly Sec. 36-509). Contract to be in writing. Information required.

Connecticut Statutes

§ 36b-66 — (Formerly Sec. 36-509). Contract to be in writing. Information required.

Connecticut § 36b-66

Title 36bConnecticut Securities Law and Business Opportunity Investment Act

Ch. 672cBusiness Opportunity Investment Act

This text of Connecticut § 36b-66 ((Formerly Sec. 36-509). Contract to be in writing. Information required.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 36b-66 (2026).

Text

(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

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(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 performance of services necessary to begin substantial operation of the business.

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.