59.1-299 - Duration of contract. - Virginia Statutes

§ 59.1-299. Duration of contract.

No health spa contract shall have a duration for a period longer thanthirty-six months, including any renewal period; however, a health spacontract may exceed thirty-six months provided that:

1. Any initiation fee does not exceed ten times the initial monthly fee;

2. All payments for health spa services, other than the initiation fee, arecollected as monthly fees on a monthly basis;

3. After an initial term of not more than twelve months, either party maycancel the health spa contract upon not more than thirty days' notice; and

4. The monthly fee is never reduced below eighty percent of the monthly feeat the time the contract is initially executed.

(1984, c. 738; 1990, cc. 392, 433; 1992, c. 117.)