Common use of Milk Price Decreases Clause in Contracts

Milk Price Decreases. We will not retrospectively reduce the Monthly Minimum Prices during the Term. Only in exceptional circumstances will we consider price prospective decreases in Monthly Minimum Prices within the Term, and this would be done in accordance with the Dairy Code. We will give you at least 30 days prior written notice of such a price decrease and include all other details required by the Dairy Code. You will have a right to terminate this Agreement within 21 days after receiving any such notice, with effect from the day the price decrease occurs. You will also have the right to rescind any such termination before the end of those 21 days. If there is a Sharefarmer Supplier, both you and the Sharefarmer Supplier must exercise your rights under this section acting jointly.

Appears in 19 contracts

Samples: Supply Agreement, Supply Agreement, Supply Agreement

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