17 chapters · 157 sections in this title.
11C V.S.A. ch. 007, § 701 Authority
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§ 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 th…
11C V.S.A. ch. 007, § 702 Marketing contracts
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§ 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 marketi…
11C V.S.A. ch. 007, § 703 Duration of marketing contract
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§ 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 …
11C V.S.A. ch. 007, § 704 Remedies for breach of contract
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§ 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 ca…