Tex. Bus. & Com. Code § 51.201 · Subchapter E. BUSINESS OPPORTUNITY CONTRACT
FORM OF BUSINESS OPPORTUNITY CONTRACT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A business opportunity contract must be in writing and include, in 10-point type or in handwriting of an equivalent size, the following:
(1) the terms of payment, including the initial consideration, down payment, and additional payments required;
(2) a detailed description of the acts or services the seller undertakes to perform for the purchaser;
(3) the seller's principal business address;
(4) the name and address of the seller's agent in this state authorized to receive service of process;
(5) the delivery date or, if the contract provides for staggered delivery times to the purchaser, the approximate delivery date of the products, equipment, or supplies the seller is to:
(A) deliver to the purchaser's home or business address; or
(B) place at a location owned or managed by a person other than the purchaser; and
(6) a complete description of the nature of the buy-back or security arrangement if the seller has represented orally or in writing when selling, leasing, soliciting, or offering a business opportunity that there is a buy-back or that the initial consideration is secured.
Notes and commentary — not statutory text
History
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BC/htm/BC.51.htm
- Text hash
- sha256 2f8b95970270c92b67abc69cb170136f2dc8ea02e2a4ace2ef247cbb77150908
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.