Section R. 432.1216 - Contract requirementsRule 216.
(1) A contract or transaction entered into by a casino licensee or a casino license applicant that is more than $50,000.00 shall be a written contract.(2) The board may direct a casino licensee or casino license applicant to cancel any contract or transaction that the board determines does not comply with the act and this part.(3) A contract entered into by a casino licensee or casino license applicant shall contain a provision permitting the casino licensee or casino license applicant to terminate the contract if the board determines that the contract does not comply with the act or these rules.Mich. Admin. Code R. 432.1216
1998-2000 AACS; 2019 MR 9, Eff. 5/17/2019