---
kind: "section"
citation: "16 C.F.R. § 437.2"
title: "16"
number: "437.2"
heading: "The obligation to furnish written documents."
url: "https://uscodex.org/cfr/16/437.2"
---

# §437.2. The obligation to furnish written documents.


In connection with the offer for sale, sale, or promotion of a business opportunity, it is a violation of this Rule and an unfair or deceptive act or practice in violation of Section 5 of the Federal Trade Commission Act (“FTC Act”) for any seller to fail to furnish a prospective purchaser with the material information required by §§ [437.3(a)](/cfr/16/437.3.md?p=a) and [437.4(a)](/cfr/16/437.4.md?p=a) of this part in writing at least seven calendar days before the earlier of the time that the prospective purchaser:

- (a) Signs any contract in connection with the business opportunity sale; or
- (b) Makes a payment or provides other consideration to the seller, directly or indirectly through a third party.

## Notes

### Authority

Authority: 15 U.S.C. 41-58.

### Source

Source: 76 FR 76860, Dec. 8, 2011, unless otherwise noted.