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S.C. Code Ann. § 39-57-70

Business opportunity contracts to be in writing; terms to be included

Known as the South Carolina Business Opportunity Sales Act

The act spans §§ 39–39 (9 sections).

1980 Act No. 474, SECTION 7.

(a) Every business opportunity contract shall be in writing and a copy shall be given to the purchaser at the time he signs the contract.

(b) Every contract for a business opportunity shall include the following:

(1) The terms and conditions of payment;

(2) A detailed description of the services that the business opportunity seller undertakes to perform for the purchaser;

(3) The seller's principal business address and the name and address of its agent in the State authorized to receive service of process;

(4) The approximate delivery date of any product, equipment or supplies the business opportunity seller is to deliver to the purchaser.

Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.