Compliance Agreement with Regulatory Agency

A Compliance Agreement is a legally binding contract between an organization and a regulatory agency, outlining the steps the organization will take to resolve non-compliance issues and prevent future violations. It typically includes a description of the specific violations, corrective actions to be taken, and a timeline for implementation. The agreement may also include penalties, such as fines or increased monitoring, for failure to meet the terms of the agreement. Compliance Agreements are often used as an alternative to more severe enforcement actions, such as permit revocation or criminal prosecution.