Florida Statutes Part VIII - Sale Or Lease Of Business Opportunities (Ss. 559.80-559.815)

• 559.80 - Short Title.
  Sections 559.80-559.815 may be cited as the “Sale of Business Opportunities Act.”History.—s. 1, ch. 79-374.
• 559.801 - Definitions.
  For the purpose of ss. 559.80-559.815, the term:(1)(a) “Business opportunity” means the sale or lease of any products, equipment, supplies, or services which are sold or...
• 559.802 - Franchises; Exemption.
  (1) The sale of a franchise is exempt from this part if:(a) The franchise meets the definition of that term as defined by the Federal Trade Commission...
• 559.803 - Disclosure Statement.
  At least 3 working days before the time the purchaser signs a business opportunity contract, or at least 3 working days before the receipt of...
• 559.807 - Bond Or Other Security Required.
  If the business opportunity seller makes any representations set forth in s. 559.801(1)(a)3., the seller must either have obtained a surety bond issued by a...
• 559.809 - Prohibited Acts.
  Business opportunity sellers shall not:(1) Misrepresent, by failure to disclose or otherwise, the known required total investment for such business opportunity.(2) Misrepresent or fail to disclose efforts...
• 559.811 - Contracts To Be In Writing; Form; Provisions.
  (1) Every business opportunity contract shall be in writing, and a copy shall be given to the purchaser at least 3 working days before signing the...
• 559.813 - Remedies; Enforcement.
  (1) If a business opportunity seller uses untrue or misleading statements in the sale of a business opportunity, fails to give the proper disclosures in the...
• 559.815 - Penalties.
  Any person who commits an act described in s. 559.809 is guilty of a felony of the third degree, punishable as provided in s. 775.082,...

Last modified: September 23, 2016