2188

LAWS OF MARYLAND

Ch. 626

BY adding to

Article 56 - Licenses

Section 401 through 419 415, inclusive, to be under the

new subtitle "Business Opportunities"
Annotated Code of Maryland
(1979 Replacement Volume)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 56 - Licenses

BUSINESS OPPORTUNITIES

401.

(A)  IN THIS SUBTITLE, THE FOLLOWING WORDS HAVE THE
MEANINGS INDICATED.

(B) "BUSINESS OPPORTUNITY" MEANS THE OFFER, SALE, OR
LEASE OF ANY PRODUCTS, EQUIPMENT, SUPPLIES, SERVICES, OR
LICENSING AGREEMENT TO A PERSON TO ENABLE THAT PERSON TO
BEGIN A BUSINESS IN CONNECTION WITH WHICH THE SELLER
REPRESENTS:

(B)  "BUSINESS OPPORTUNITY" MEANS THE SALE OR LEASE OF
ANY PRODUCTS, EQUIPMENT, SUPPLIES, OR SERVICES WHICH ARE
SOLD TO THE PURCHASER UPON PAYMENT OF AN INITIAL REQUIRED
CONSIDERATION OF $100 OR MORE FOR THE PURPOSE OF ENABLING
THE PURCHASER TO START A BUSINESS, AND IN WHICH THE SELLER
REPRESENTS:

(1)  THAT THE SELLER WILL PROVIDE OR WILL ASSIST
IN OBTAINING FOR THE PURCHASER ACCOUNTS OR RETAIL OUTLETS
FOR THE USE OR OPERATION OF VENDING MACHINES, RACKS, DISPLAY
CASES, CURRENCY-OPERATED AMUSEMENT MACHINES, OR OTHER
SIMILAR DEVICES TO BE LOCATED ON PREMISES NEITHER OWNED NOR
LEASED BY THE SELLER OR PURCHASER;

(2)  THAT THE SELLER WILL PURCHASE ANY OR ALL
PRODUCTS MADE, PRODUCED, FABRICATED GROWN, BRED, OR
MODIFIED BY THE PURCHASER USING IN WHOLE OR IN PART, THE
SUPPLIES, SERVICES, OR CHATTELS SOLD TO THE PURCHASER;

(3)  THAT THE SELLER GUARANTEES THAT THE
PURCHASER WILL DERIVE INCOME FROM THE BUSINESS OPPORTUNITY,
WHICH EXCEEDS THE PRICE PAID FOR THE BUSINESS OPPORTUNITY;
OR THAT THE SELLER WILL REFUND ALL OR PART OF THE PRICE PAID
FOR THE BUSINESS OPPORTUNITY, OR REPURCHASE ANY OF THE
PRODUCTS, EQUIPMENT, SUPPLIES, OR CHATTELS SUPPLIED BY THE
SELLER, IF THE PURCHASER IS UNSATISFIED WITH THE BUSINESS
OPPORTUNITY; OR