Und - Iowa Pork Producers Association

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CONTRACT DEFAULT • Pig purchase agreement - damages for default • Difference in sales price, plus expenses of sale • Sale after default must be in a commercially reasonable manner – notify defaulting buyer before sale to new buyer • File lawsuit for damages 42
CONTRACT DEFAULT • Termination of contract • Only if default is material: a substantial part of the contract or if the default substantially defeats the purpose of a contract • Default must be total (a material default which is not cured within a reasonable amount of time after notice to the other party or a material default which cannot be cured) • If a party terminates a contract for less than a total default, the terminating party is in default of the contract • Does the terminating party stand to gain economically by terminating the contract? 43
Page 1 and 2: UNDERSTANDING CONTRACTS AND LIENS I
Page 3 and 4: SWINE CONTRACTS • Packers & Stock
Page 5 and 6: CONTRACTS - GIPSA FINAL RULE • US
Page 7 and 8: DEFINITIONS Additional capital inve
Page 9 and 10: ADD’L CAP. INVEST. CRITERIA • W
Page 11 and 12: ADD’L CAP. INVEST. CRITERIA •Wa
Page 13 and 14: REASONABLE PERIOD OF TIME TO REMEDY
Page 15 and 16: ARBITRATION •Any marketing or pro
Page 17 and 18: ARBITRATION Criteria GIPSA may cons
Page 19 and 20: LIVESTOCK FEEDING CONTRACTS - INSUR
Page 21 and 22: LIVESTOCK FEEDING CONTRACTS - INSUR
Page 23 and 24: LANDLORD’S LIEN • Also file in
Page 25 and 26: IOWA CONTRACT GROWERS LIEN • Prod
Page 27 and 28: IOWA AG SUPPLY DEALER LIEN • Cert
Page 29 and 30: IOWA AG SUPPLY DEALER LIEN • Dec.
Page 31 and 32: LIENS - LIVESTOCK OWNERS • Contra
Page 33 and 34: LIENS Products sold - first priorit
Page 35 and 36: ENTERING INTO OR MODIFYING A CONTRA
Page 37 and 38: ENTERING INTO OR MODIFYING A CONTRA
Page 39 and 40: CONTRACT DEFAULT • Force majeure
Page 41: CONTRACT DEFAULT • Right to rebut

Und - Iowa Pork Producers Association

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