South Dakota Codified Laws 37-25A-16. Business opportunity contract to be written–Copy to purchaser
Current as of: 2023 | Check for updates
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No person may offer or sell any business opportunity required to be registered unless the business opportunity contract or agreement is in writing and a copy of the contract or agreement is given to the purchaser at the time the purchaser signs the contract or agreement.
Terms Used In South Dakota Codified Laws 37-25A-16
- Contract: A legal written agreement that becomes binding when signed.
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
- sell: includes every contract or agreement of sale, contract to sell, disposition of a business opportunity or interest in a business opportunity for value. See South Dakota Codified Laws 37-25A-1
Source: SL 1985, ch 305, § 16.