R 432.1216 Contract requirements.

Rule 216. (1) A contract or transaction entered into by a casino licensee or a casino license applicant that is more than $100,000.00 must 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 must allow 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.