Application of Laws and Rules (Regulations) and Regulatory Changes by Regulators Clause Samples

Application of Laws and Rules (Regulations) and Regulatory Changes by Regulators. Charter Holder and Aegis acknowledge that each school is different, has its own culture, employee/employment requirements, management philosophy, expectations and that laws and regulations change. The parties agree that laws and regulations are interpreted and applied or enforced differently by regulators at different times. Furthermore, Charter Holder acknowledges that historically, application of regulations by regulators has been inconsistent and ambiguous from time to time. Charter Holder acknowledges that Aegis is not responsible for the financial records and reporting of the Charter Holder and therefore cannot be responsible for compliance with program requirements, state or federal regulations, changing regulations, the inconsistent application of regulations by regulators, etc.