(a) Each contract for the sale of a business opportunity shall be in writing.
(b) The contract shall include:
(1) the terms and conditions of payment;
(2) a full and detailed description of the acts or services that the seller agrees to perform for the buyer;
(3) the address of the seller’s principal office;
(4) the name and address of the seller’s resident agent; and
(5) the approximate date that the seller will deliver to the buyer any products, equipment, or supplies.
(c) When a buyer signs a contract for the sale of a business opportunity, the seller shall give the buyer a copy of the contract.
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