business opportunity

1 topic · 1 source

Business

Banking

The sale or lease of products, equipment, supplies or services to enable a person to start his or her own business. A business opportunity exists where the seller makes certain representations to the purchaser: 1) the seller will provide locations or help the purchaser find locations for the use or operation of vending machines, racks, display cases, other similar devices or currency-operated machines on premises that neither the purchaser nor the seller owns or leases; 2) the seller will buy any products the purchaser makes, produces, fabricates, grows, breeds or modifies using the goods or services that were purchased; 3) the seller conditionally or unconditionally guarantees that the purchaser will derive income from the business opportunity, or represents that the seller will refund all or part of the price paid or buy back any of the goods supplied if the purchaser is unsatisfied with the business opportunity; or 4) the seller will provide a sales program or marketing program to the purchaser.

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