§ 701. Authority In this article, “marketing contract” means a contract between a mutual benefit enterprise and another person who need not be a patron member: (1) requiring the other person to sell or to deliver for sale or marketing on the person’s behalf a specified part of the person’s products, commodities, or goods exclusively […]
§ 702. Marketing contracts (a) If a marketing contract provides for the sale of products, commodities, or goods to a mutual benefit enterprise, the sale transfers title to the enterprise upon delivery or at any other specific time expressly provided by the contract. (b) A marketing contract may: (1) authorize a mutual benefit enterprise to […]
§ 703. Duration of marketing contract The initial duration of a marketing contract may not exceed 10 years, but the contract may be self-renewing for additional periods not exceeding five years each. Unless the contract provides for another manner or time for termination, either party may terminate the contract by giving notice in a record […]
§ 704. Remedies for breach of contract (a) Damages to be paid to a mutual benefit enterprise for breach or anticipatory repudiation of a marketing contract may be liquidated, but only at an amount or under a formula that is reasonable in light of the actual or anticipated harm caused by the breach or repudiation. […]
