Alaska § 45.66.090 - Written contract required.
Full text of Alaska Alaska Statutes § 45.66.090 — Written contract required., with citation guidance and answers to common questions.
§ 45.66.090. Written contract required.
(a) In addition to the other requirements of this chapter, a person may not contract to sell a business opportunity unless the contract is in writing and the seller gives a copy of the contract to the buyer when the buyer signs the contract.
(b) The department shall establish by regulation the content and format of the information that must be contained in the contract. At a minimum, the contract must contain (1) the payment terms, including any escrow account required under AS 45.66.100 ;
(2) the name, address, and telephone number of the seller, the seller's agent, and each supplier of products, equipment, or supplies that the seller is to deliver to the buyer;
(3) a statement of the form of the seller's business organization;
(4) a description of services, including any training services, that the seller is to provide to the buyer;
(5) the delivery date of the product, equipment, or supplies being sold or leased;
(6) if the seller has represented that there is a buy-back agreement for the business opportunity or that payments are protected or secured, a complete description of those provisions;
(7) a statement of the buyer's right to cancel, the circumstances under which cancellation is authorized, and the procedure for cancellation and refunds; and
(8) any other terms that the department determines are necessary to protect the public interest.
Frequently Asked Questions About Alaska § 45.66.090
What does Alaska Statutes § 45.66.090 cover?
Section 45.66.090 ("Written contract required.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 45.66.090?
A common citation format is "Alaska Statutes § 45.66.090" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 45.66.090 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.