Virginia § 59.1-267 Contracts required to be in writing; contents

Virginia Statutes

§ 59.1-267 — Contracts required to be in writing; contents

Virginia § 59.1-267

Title 59.1TRADE AND COMMERCE

Ch. 21BUSINESS OPPORTUNITY SALES ACT

This text of Virginia § 59.1-267 (Contracts required to be in writing; contents) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 59.1-267 (2026).

Text

A.Every business opportunity sales contract shall be in writing and a copy shall be given to the purchaser at the time he signs the contract.

B.Every contract for the sale of 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;

3.The seller's principal business address and the name and address of its agent in the Commonwealth of Virginia authorized to receive service of process;

4.A full and detailed description of any product, products, equipment or supplies the business opportunity seller is to deliver to the purchaser;

5.The approximate delivery date of any product, products, equipment, or supplies the

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A. Every business opportunity sales contract shall be in writing and a copy shall be given to the purchaser at the time he signs the contract.

B. Every contract for the sale of 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;

3. The seller's principal business address and the name and address of its agent in the Commonwealth of Virginia authorized to receive service of process;

4. A full and detailed description of any product, products, equipment or supplies the business opportunity seller is to deliver to the purchaser;

5. The approximate delivery date of any product, products, equipment, or supplies the business opportunity seller is to deliver to the purchaser.