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(a) A disclosure statement must have a cover sheet titled, in at least 12-point boldface capital letters, "DISCLOSURES REQUIRED BY TEXAS LAW." The following statement must appear below the title in at least 10-point boldface type: "The State of Texas has not reviewed and does not endorse, approve, recommend, or sponsor any business opportunity. A disclosure statement must contain:(1) the name of the seller;(2) each name under which the seller has transacted, is transacting, or intends to transact business;(3) the name of any parent or affiliated company that will engage in a business transaction with the purchaser or that takes responsibility for statements made by the seller; and(4) the names, addresses, and titles of:(A) the seller's officers, directors, trustees, general partners, general managers, and principal executives;(B) shareholders owning more than 20 percent of the shares of the seller; and(C) any other persons responsible for the seller's business activities relating to the sale of business opportunities. Once you’ve made your selections, use the “Apply Selected Filters” button to display your results.Then, follow the link to read the agency’s solicitation on Fed Biz Opps, the federal government’s main contracting website. (a) This chapter shall be liberally construed and applied to:(1) protect persons against false, misleading, or deceptive practices in the advertising, offering for sale or lease, or sale or lease of business opportunities; and(2) provide efficient and economical procedures to secure that protection.(b) In construing this chapter, a court to the extent possible shall follow the interpretations given by the Federal Trade Commission and the federal courts to Section 5(a)(1), Federal Trade Commission Act (15 U. A person who claims to be exempt from this chapter has the burden of proving the exemption.
A disclosure statement must contain:(1) a detailed description of the actual services the seller undertakes to perform for the purchaser; and(2) if the seller promises to perform services in connection with the placement of products, equipment, or supplies at a location:(A) the full nature of those services; and(B) the nature of any agreements to be made with the owners or managers of that location.
It’s geared to businesses new to federal contracting.