Section 409.1000 – Business opportunities — definitions.
Effective – 28 Aug 2000 409.1000. Business opportunities — definitions. — 1. For the purposes of sections 409.1000 to 409.1006, “business opportunity” means the sale or lease of any product, equipment, supplies or services which are sold or leased to a purchaser to enable the purchaser to start a business for which the purchaser is […]
Section 409.1003 – Practices prohibited — penalty.
Effective – 28 Aug 2000 409.1003. Practices prohibited — penalty. — 1. A business opportunity seller shall not: (1) Misrepresent, by failure to disclose or otherwise, the known required total investment for such business opportunity; (2) Misrepresent or fail to disclose efforts to sell or establish more franchises or distributorships than it is reasonable to […]
Section 409.1006 – Civil remedies.
Effective – 28 Aug 2000 409.1006. Civil remedies. — 1. If a business opportunity seller uses untrue or misleading statements in the sale of a business opportunity, fails to give the proper disclosures, or fails to deliver the equipment, supplies or products necessary to begin substantial operation of the business within forty-five days of the […]