Section 14-122 – Representations of Income or Earning Potential

    In connection with an offer to sell or sale of a business opportunity, a person may not represent that the business opportunity provides income or earning potential of any kind unless:         (1)    the seller has documentation to substantiate the representation; and         (2)    the person discloses the documentation to the prospective buyer when the representation is made.

Section 14-123 – Use of Commercial Symbol

    In connection with an offer to sell or sale of a business opportunity, a person may not use the trademark, service mark, trade name, logotype, advertising, or other commercial symbol of a business unless:         (1)    the business controls the ownership interest in the seller;         (2)    the business accepts responsibility for each representation that the seller makes about […]

Section 14-124 – Reference to Compliance

    In connection with an offer to sell or sale of a business opportunity, a person may not make or authorize making a reference to compliance with this subtitle in an advertisement or other contact with prospective buyers other than by use of the disclosure statement or other disclosure documents required by this subtitle.

Section 14-125 – Failure to Deliver Products, Equipment, or Supplies

    (a)    In connection with an offer to sell or sale of a business opportunity, a person may not fail to deliver products, equipment, or supplies necessary to begin substantial operation of the business within 45 days after the delivery date stated in the contract for the sale of the business opportunity.     (b)    This section does not apply […]

Section 14-126 – Remedies for Violation

    (a)    (1)    If a seller violates a provision of §§ 14-120 through 14-125 of this subtitle, the buyer, within 1 year after the date of a contract for the sale of a business opportunity:             (i)    may void the contract; and             (ii)    is entitled to receive from the seller a refund of any money paid to the seller.         (2)    On receipt […]

Section 14-127 – False or Misleading Statement or Omission of Material Fact

    (a)    A person who sells a business opportunity may not, in a disclosure statement or amendment to it, willfully make a false or misleading statement of a material fact or willfully omit to state a material fact required or necessary to make the statements in a disclosure statement not misleading.     (b)    A person who violates this section […]

Section 14-128 – General Penalty

    A person who violates this subtitle is guilty of a misdemeanor and, unless another criminal penalty is specifically provided elsewhere, on conviction, is subject to a fine not exceeding $1,000 or imprisonment not exceeding 1 year or both.

Section 14-129 – Short Title

    This subtitle is the Maryland Business Opportunity Sales Act.