Common Contracts
1 similar Regulatory Compliance Agreement contracts
ContractRegulatory Compliance Agreement • April 30th, 2019 • Nevada
THIS AGREEMENT IS SUBJECT TO STRICT REQUIREMENTS FOR ONGOING REGULATORY COMPLIANCE BY THE PARTIES HERETO, INCLUDING, WITHOUT LIMITATION, REQUIREMENTS THAT THE PARTIES TAKE NO ACTION IN VIOLATION OF EITHER THE NEVADA MEDICAL USE OF MARIJUANA ACT OR THE NEVADA REGULATION AND TAXATION OF MARIJUANA ACT (TOGETHER WITH ALL RELATED RULES AND REGULATIONS THEREUNDER, AND ANY AMENDED OR SUPERSEDING LEGISLATION, RULES AND REGULATIONS, THE “ACT”) OR THE GUIDANCE OR INSTRUCTION OF THE NEVADA DEPARTMENT OF TAXATION OR THE NEVADA DEPARTMENT OF HEALTH AND HUMAN SERVICES (TOGETHER WITH ANY SUCCESSOR, COLLECTIVELY, THE “REGULATOR”). SECTION 12(o) OF THIS AGREEMENT CONTAINS SPECIFIC REQUIREMENTS AND COMMITMENTS BY THE PARTIES TO MAINTAIN FULLY THEIR RESPECTIVE COMPLIANCE WITH THE ACT AND THE REGULATOR. THE PARTIES HAVE READ AND FULLY UNDERSTAND THE REQUIREMENTS OF SECTION 12(o).
