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Can I offer a free trial for my product or service in Nevada? What are the requirements?
Here is the response to your query:
Offering a Free Trial in Nevada
If you want to offer a free trial for your product or service in Nevada, you may be able to do so under the Regulatory Experimentation Program for Product Innovation [1.3]. This program allows participants to test a product or service without obtaining a license or other authorization required by Nevada law [1.3]. However, there are certain requirements and limitations that you must follow [1.1][1.2].
Requirements and Limitations
Any product or service provided within the scope of the Program is subject to the following requirements and limitations [1.1]:
- Any consumer of the product or service must be a resident of Nevada on the date that the product or service is first provided to the consumer.
- Not more than 5,000 consumers may be provided a given product or service by a participant during the period of testing, unless the Director approves a request for relief by a participant pursuant to NRS 657A.320, in which case not more than 7,500 consumers may be provided a given product or service by the participant during the period of testing.
To participate in the Program, you must apply for approval from the Director [1.2][1.5]. If your application is approved, you will be deemed a participant and the Director will issue a registration number unique to the approval [1.5]. Your product or service offered or provided within the scope of the Program will be exempt from any provision of Nevada law, except as otherwise required by the Director pursuant to NRS 657A.430 or 657A.620 [1.5].
Conclusion
In summary, you may be able to offer a free trial for your product or service in Nevada under the Regulatory Experimentation Program for Product Innovation. However, you must follow the requirements and limitations set forth in Nevada law, and you must apply for approval from the Director to participate in the Program.
Source(s):
- [1.1] Financial product or service provided within Program: Requirements and limitations.
- [1.2] Application to participate; requirements for application; fee.
- [1.3] Establishment of Program.
- [1.5] Issuance of registration upon approval of application; conditional approval of application.
Jurisdiction
Nevada