59.1-266 - Prohibited acts. - Virginia Statutes

§ 59.1-266. Prohibited acts.

No business opportunity seller shall:

1. Represent that the business opportunity provides income or earningpotential of any kind unless the seller has documented data to substantiatethe claims of income or earning potential and discloses such data to theprospective purchaser at the time such representations are made; or

2. Use the trademark, service mark, trade names, logotype, advertising orother commercial symbol of any business which does not either control theownership interest in the seller or is not legally obligated for allrepresentations made by the seller in regard to the business opportunity,unless it is clear from the circumstances that the owner of the commercialsymbol is not involved in the sale of the business opportunity; or

3. Make or authorize the making of any reference to its compliance with thischapter in any advertisement or other contact with prospective purchasers.

(1979, c. 523.)