(815 ILCS 602/5-40)
Contract or agreement provisions.
(a) It is unlawful for any person to offer or sell any
business opportunity required to be registered unless the
business opportunity contract or agreement is in writing and a
copy of the contract or agreement is given to the purchaser at
the time the purchaser signs the contract or agreement.
(b) Contracts or agreements shall set forth in at least
ten-point type or equivalent size, if handwritten, the following:
(1) The terms and conditions of any and all payments
(2) The seller's principal business address and the
name and address of the seller's agent in this State authorized to receive service of process;
(3) The business form of the seller, whether
corporate, partnership, or otherwise;
(4) The delivery date or, when the contract provides
for a periodic delivery of items to the purchaser, the approximate delivery date of the product, equipment, or supplies the seller is to deliver to the purchaser to enable the purchaser to start his or her business; and
(5) Whether the product, equipment, or supplies are
to be delivered to the purchaser's home or business address or are to be placed or caused to be placed by the seller at locations owned or managed by persons other than the purchaser.
(Source: P.A. 89-209, eff. 1-1-96.)