19.110.090 – Persons proposing to sell or lease business opportunity—Service of process.
RCW 19.110.090 Persons proposing to sell or lease business opportunity—Service of process. Every person who proposes to sell or lease a business opportunity in this state through any person acting on an agency basis in the common law sense shall file with the director, in such form as the director by rule prescribes, an irrevocable […]
19.110.100 – Seller to provide surety bond or trust account—Action by state or injured person—Damages.
RCW 19.110.100 Seller to provide surety bond or trust account—Action by state or injured person—Damages. (1) If the seller makes any guarantee described in RCW 19.110.020(1)(c), the seller shall have a surety bond issued by a surety company authorized to do business in Washington or a trust account with a licensed and insured bank or […]
19.110.110 – Business opportunity contract—Content—Cancellation period.
RCW 19.110.110 Business opportunity contract—Content—Cancellation period. (1) Every business opportunity contract shall be in writing and shall be dated and signed by the purchaser. (2) The seller shall provide the purchaser with a copy of the completed contract at the time the purchaser signs the contract. (3) The seller may not receive any consideration before […]
19.110.120 – Unlawful acts.
RCW 19.110.120 Unlawful acts. (1) It is unlawful for any person to: (a) Make any untrue or misleading statement of a material fact or to omit to state a material fact in connection with the offer, sale, or lease of any business opportunity in the state; or (b) Employ any device, scheme, or artifice to […]
19.110.130 – Liability of seller for violation of chapter—Remedies—Damages.
RCW 19.110.130 Liability of seller for violation of chapter—Remedies—Damages. Any seller who violates any provision of this chapter is liable to the purchaser. The purchaser may sue for actual damages, or an injunction, or rescission, or other relief. In addition, the purchaser may sue for costs of suit, including a reasonable attorney’s fee. The court […]
19.110.140 – Director authorized to investigate violations—Authority to subpoena witnesses or require production of documents.
RCW 19.110.140 Director authorized to investigate violations—Authority to subpoena witnesses or require production of documents. The director may make public or private investigations within or outside the state of Washington to determine whether any person has violated or is about to violate any provision of this chapter or any rule or order issued under this […]
19.110.010 – Legislative declaration.
RCW 19.110.010 Legislative declaration. The legislature finds and declares that the widespread and unregulated sale of business opportunities has become a common area of investment problems and deceptive practices in the state of Washington. As a result, the provisions of this chapter are necessary to counteract the potential negative impact of the sale of business […]
19.110.020 – Definitions.
RCW 19.110.020 Definitions. Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter. (1) “Business opportunity” means the sale or lease of any product, equipment, supply, or service which is sold or leased to enable the purchaser to start a business; and: (a) The seller represents that the seller will […]
19.110.030 – Sale or lease of business opportunity—Offer to sell or lease business opportunity—Occurrence in Washington.
RCW 19.110.030 Sale or lease of business opportunity—Offer to sell or lease business opportunity—Occurrence in Washington. (1) An offer to sell or offer to lease a business opportunity occurs in Washington when: (a) The offer is made in Washington; or (b) The purchaser resides in Washington at the time of the offer and the business […]
19.110.040 – Application of chapter.
RCW 19.110.040 Application of chapter. Nothing in this chapter applies to: (1) A radio station, television station, publisher, printer, or distributor of a newspaper, magazine, billboard, or other advertising medium which accepts advertising in good faith without knowledge of its violation of any provision of this chapter; (2) A franchise subject to the provisions of […]