463.166 - Contracts or agreements with certain unsuitable or unlicensed persons prohibited; termination of contract or agreement. - Nevada Statutes

463.166  Contracts or agreements with certain unsuitable or unlicensed persons prohibited; termination of contract or agreement.

      1.  A person who has:

      (a) Been denied a license by the Commission;

      (b) Been found unsuitable by the Commission; or

      (c) Had a license or finding of suitability revoked by the Commission,

Ê shall not enter or attempt to enter into any contract or agreement with a licensee, either directly or indirectly, through any business organization under such a person’s control, that involves the operations of a licensee without the prior approval of the Commission. This provision does not prohibit any person from purchasing any goods or services for personal use from a licensee at retail prices that are available to the general public.

      2.  Every contract or agreement with a person that is subject to the provisions of subsection 1 shall be deemed to include a provision for its termination without liability on the part of the licensee. Failure to expressly include that condition in the contract or agreement is not a defense in any action brought pursuant to this section to terminate the agreement.

      3.  Any person, contract or agreement subject to the provisions of subsection 1 is subject to being enjoined pursuant to and in accordance with the provisions of NRS 463.346.

      (Added to NRS by 1999, 3172)