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Session Laws, 1980
Volume 739, Page 2197   View pdf image
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HARRY HUGHES, Governor                              2197

(XIV) (X) A COMPLETE DESCRIPTION OF ANY
TRAINING PROMISED BY THE SELLER AND THE LENGTH OF THE
TRAINING.

(XV) (XI) A COMPLETE DESCRIPTION OF ANY
SERVICES WHICH THE SELLER PROMISES SERVICES TO BE PERFORMED
IN CONNECTION WITH THE PLACEMENT OF THE EQUIPMENT, PRODUCTS,
OR SUPPLIES AT VARIOUS LOCATIONS, AS WELL AS OF THE NATURE
OF THE AGREEMENTS TO BE MADE WITH THE OWNERS OR MANAGERS OF
THESE LOCATIONS WHERE THE PURCHASER'S EQUIPMENT, PRODUCTS,
OR SUPPLIES WILL BE PLACED.

(XVI) (XII) THE FOLLOWING STATEMENT, OR
SIMILAR STATEMENT PRESCRIBED BY THE COMMISSIONER, IF THE
SELLER IS REQUIRED TO RECEIVE A BOND OR TO ESTABLISH A TRUST
ACCOUNT UNDER § 409:

1.  "AS REQUIRED BY MARYLAND LAW, THE
SELLER HAS SECURED A BOND ISSUED BY

__________________________ (NAME AND ADDRESS OF SURETY

COMPANY) A SURETY COMPANY AUTHORIZED TO DO BUSINESS IN THIS
STATE. BEFORE SIGNING A CONTRACT TO PURCHASE THIS BUSINESS
OPPORTUNITY, YOU SHOULD CHECK WITH THE SURETY COMPANY TO
DETERMINE THE BOND'S CURRENT STATUS"; OR

2.  "AS REQUIRED BY MARYLAND LAW, THE

SELLER HAS ESTABLISHED A TRUST ACCOUNT ______________ (NO.

OF ACCOUNT) WITH ________________ (NAME AND ADDRESS OF)

__________________________ (BANK OR SAVINGS INSTITUTION).

BEFORE SIGNING A CONTRACT TO PURCHASE THIS BUSINESS
OPPORTUNITY, YOU SHOULD CHECK WITH THE BANK OR SAVINGS
INSTITUTION TO DETERMINE THE CURRENT STATUS OF THE TRUST
ACCOUNT".

(XVII) (XIII) THE FOLLOWING STATEMENT:

"IF THE SELLER FAILS TO DELIVER THE
PRODUCTS, 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 DEMAND THAT THE CONTRACT BE
CANCELLED".

(XVIII) (XIV) IF THE SELLER MAKES ANY
STATEMENT CONCERNING SALES, EARNINGS, RANGE OF SALES, OR
RANGE OF EARNINGS THAT MAY BE MADE THROUGH THIS BUSINESS
OPPORTUNITY, A STATEMENT OF:

1.  THE TOTAL NUMBER OF PURCHASERS OF
BUSINESS OPPORTUNITIES INVOLVING THE PRODUCTS, EQUIPMENT,
SUPPLIES, OR SERVICES BEING OFFERED WHO TO THE SELLER'S
KNOWLEDGE HAVE ACTUALLY RECEIVED EARNINGS IN THE AMOUNT OR
RANGE SPECIFIED, WITHIN 3 YEARS PRIOR TO THE DATE OF THE
DISCLOSURE STATEMENT.

2.  THE TOTAL NUMBER OF PURCHASERS OF
BUSINESS OPPORTUNITIES INVOLVING THE PRODUCTS, EQUIPMENT,

 

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Session Laws, 1980
Volume 739, Page 2197   View pdf image
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