Common use of Myth Clause in Contracts

Myth. The commission agents under APMC are verified and payment is secured. The bill doesn’t safeguard farmer payments. • Referring to Chapter 2 Section 4, “Every trader who transacts with farmers shall make payment for the traded scheduled farmers’ produce on the same day or within the maximum three working days if procedurally so required subject to the condition that the receipt of delivery mentioning the due payment amount shall be given to the farmer on the same day”. This ensures faster payments for farmers against existing practices and ensures a safety net. • Further, under the Section, the Central government also reserves the right to prescribe a system for registration of a trader, modalities of trade transaction, and mode of payment if found necessary in the public interest. Hence, the bill provides sufficient guidelines to safeguard farmers’ interests.

Myth. The commission agents under APMC are verified and payment is secured. The bill doesn’t safeguard farmer payments. •  Referring to Chapter 2 Section 4, “Every trader who transacts with farmers shall make payment for the traded scheduled farmers’ produce on the same day or within the maximum three working days if procedurally so required subject to the condition that the receipt of delivery mentioning the due payment amount shall be given to the farmer on the same day”. This ensures faster payments for farmers against existing practices and ensures a safety net. •  Further, under the Section, the Central government also reserves the right to prescribe a system for registration of a trader, modalities of trade transaction, and mode of payment if found necessary in the public interest. Hence, the bill provides sufficient guidelines to safeguard farmers’ interests.