Virginia § 59.1-267 - Contracts required to be in writing; contents
Full text of Virginia Code of Virginia § 59.1-267 — Contracts required to be in writing; contents, with citation guidance and answers to common questions.
§ 59.1-267. Contracts required to be in writing; contents
A. Every business opportunity sales contract shall be in writing and a copy shall be given to the purchaser at the time he signs the contract.
B. Every contract for the sale of a business opportunity shall include the following:
1. The terms and conditions of payment;
2. A full and detailed description of the acts or services that the business opportunity seller undertakes to perform for the purchaser;
3. The seller's principal business address and the name and address of its agent in the Commonwealth of Virginia authorized to receive service of process;
4. A full and detailed description of any product, products, equipment or supplies the business opportunity seller is to deliver to the purchaser;
5. The approximate delivery date of any product, products, equipment, or supplies the business opportunity seller is to deliver to the purchaser.
1979, c. 523.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 59.1-267
What does Code of Virginia § 59.1-267 cover?
Section 59.1-267 ("Contracts required to be in writing; contents") is part of the Code of Virginia, the codified statutory law of Virginia. 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 Virginia § 59.1-267?
A common citation format is "Code of Virginia § 59.1-267" (Virginia). 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 Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 59.1-267 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia 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 Virginia.