Nevada Revised Statutes 677.520 – Preexisting contracts unaffected by revocation, suspension, expiration or surrender of license
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The revocation, suspension, expiration or surrender of any license does not impair or affect the obligation of any preexisting lawful contract between the licensee and any obligors. Such a contract and all lawful charges thereon may be collected by the licensee, its successors or assigns.
Terms Used In Nevada Revised Statutes 677.520
- Contract: A legal written agreement that becomes binding when signed.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.