Ohio § 1334.06

§ 1334.06.

(A) Every agreement selling or leasing a business opportunity plan shall be in writing

and a copy of the executed agreement and all other documents the seller requires the

purchaser to sign shall be given to the purchaser at the time they are signed.  The agreement shall contain at least the following: (1) The terms and conditions of payment including the initial payment or the promissory

note, additional payments, and down payment required; (2) A full description of the acts or services the seller will undertake to perform for

the purchaser; (3) The seller's principal business address and the name and address of its agent authorized

to receive service of process in this state; (4) The business form of the seller, whether corporate, partnership, or otherwise; (5) The delivery date of the goods the seller is to deliver to the purchaser to begin

operation of the business opportunity plan and the location for delivery; (6) A complete description of the buy-back or security arrangement, if any; (7) Notice of the purchaser's right to cancel the agreement in at least ten-point boldface

type, in the following form and in close proximity to the space reserved in the agreement

for the signature of the purchaser: “You, the purchaser, may cancel this transaction at any time prior to midnight of

the fifth business day after the date you sign this agreement.  See the attached notice of cancellation for an explanation of this right.” (B) A completed form, in duplicate, captioned “notice of cancellation,” shall be attached

to the agreement signed by the purchaser and be easily detachable and shall contain

in ten-point boldface type, the following statement: “Notice of cancellation ․․․․․․․․․․․․․․․․․․․․ (Enter date of transaction) You may cancel this transaction, without penalty or obligation, within five business

days from the above date.  If you cancel, any payments made by you under the agreement, and any negotiable

instrument executed by you will be returned within ten business days following the

seller's receipt of your cancellation notice, and any security interest arising out

of the transaction will be cancelled.  If you cancel, you must make available to the seller at your business address all

goods delivered to you under this agreement;  or you may if you wish, comply with

the instructions of the seller regarding the return shipment of the goods at the seller's

expense and risk.  If you do make the goods available to the seller and the seller does not pick them

up within twenty days of the date of your notice of cancellation, you may retain or

dispose of them without further obligation.  If you fail to make the goods available to the seller, or if you agree to return

them to the seller and fail to do so, then you remain liable for the performance of

all obligations under this agreement.  To cancel this transaction, mail or deliver a signed and dated copy of this cancellation

notice or any other written notice, or send a telegram, to (name of seller), at (address

of seller's place of business), or send a fax to (name of seller) at (seller's facsimile

number) or an e-mail to (name of seller) at (seller's electronic mail address), not

later than midnight of (enter date). I hereby cancel this transaction. ․․․․․․․․․․․․․․․․․․․․․․․․․ ․․․․․․․․․․․․․․․․․․․․․․․․․ (Date) (Purchaser's signature)” (C) Before furnishing copies of the notice of cancellation to the purchaser, the seller

shall complete both copies by entering the name of the seller, the address of the

seller's place of business, the date of the agreement, and the date of the last day

on which the purchaser may cancel. (D) In connection with the sale or lease of a business opportunity plan, no seller shall: (1) Fail to integrate into the written agreement all material statements, representations,

or promises that were made orally prior to execution of the written agreement by the

seller to the purchaser and were not integrated into any other written document previously

provided to the purchaser by the seller; (2) Include in any agreement, any confession of judgment or any waiver of any rights

to which the purchaser is entitled under sections 1334.01 to 1334.15 of the Revised Code , including specifically the right to cancel the agreement in accordance with this

section and section 1334.05 of the Revised Code ; (3) Fail to inform each purchaser orally, at the time an agreement is signed, of the

right to cancel; (4) Misrepresent in any manner the purchaser's right to cancel; (5) Fail or refuse to honor any valid notice of cancellation by a purchaser and within

ten business days after receipt of the notice to: (a) Refund all payments made under the agreement; (b) Cancel and return any note, negotiable instrument, or other evidence of indebtedness

executed by the purchaser in connection with the agreement and take any action necessary

to reflect the termination of any security interest or lien created under the agreement; (c) Notify the purchaser if the seller intends to repossess or abandon any goods delivered

to the purchaser. (6) Negotiate, transfer, sell, or assign any note or other evidence of indebtedness during

the time within which a purchaser may cancel; (7) Commence delivery of any goods or provide any services during the time within which

the purchaser may cancel. (E) In connection with the sale or lease of a business opportunity plan, any provision

in an agreement restricting jurisdiction or venue to a forum outside of this state,

or requiring the application of laws of another state, is void with respect to a claim

otherwise enforceable under sections 1334.01 to 1334.15 of the Revised Code .