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Und - Iowa Pork Producers Association

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CONTRACT DEFAULT<br />

• Right to rebut (GIPSA rule) cure any default<br />

• Right to correct other party’s default<br />

• Mediation required by <strong>Iowa</strong> law for livestock<br />

care and feeding contracts<br />

• Arbitration required by contract?<br />

• Which state’s law applies? Where will court<br />

action or arbitration be held?<br />

• Mitigation of damages required<br />

• Damages<br />

• Money<br />

• Specific performance – court orders<br />

defaulting party to perform – rare<br />

41

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