Sec. 51.159. CONTENTS: DELIVERY DATE; CANCELLATION OF CONTRACT. If the seller is required to deliver to the purchaser the product, equipment, or supplies necessary to begin substantial operation of the business and states a definite or approximate delivery date for the product, equipment, or supplies, the disclosure statement must contain the following statement: "If the seller fails to deliver the product, equipment, or supplies necessary to begin substantial operation of the business within 45 days of the delivery date stated in your contract, you may notify the seller in writing and cancel your contract."
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
Structure Texas Statutes
Title 4 - Business Opportunities and Agreements
Chapter 51 - Business Opportunities
Subchapter D. Disclosure Statement
Section 51.151. Disclosure to Purchaser of Business Opportunity
Section 51.152. Cover Sheet of Disclosure Statement
Section 51.153. Contents: Names and Addresses
Section 51.154. Contents: Sales Periods
Section 51.155. Contents: Services Description
Section 51.156. Contents: Updated Financial Statement
Section 51.157. Contents: Training Description
Section 51.158. Contents: Security Description
Section 51.159. Contents: Delivery Date; Cancellation of Contract
Section 51.160. Contents: Sales or Earnings Representation
Section 51.161. Contents: Legal Action History
Section 51.162. Contents: Bankruptcy or Reorganization
Section 51.163. Contents: Contract Copy
Section 51.164. Use of Disclosure Document From Other Regulatory Agency