You require contract to buy or sell raw milk - News Summed Up

You require contract to buy or sell raw milk


You will require a contract to buy or sell raw milk, according to the new Dairy Industry Act and Dairy Industry (Raw Milk Sales Contract) regulations. “These regulations shall apply in respect to the sale of raw milk entered into between a buyer and a seller.”In case of a dispute, the parties will be referred to the (Dairy) Board before resorting to other dispute resolution mechanisms. The regulations are intended to ensure fair trade in the sale of raw milk and to protect the investment interests of both buyers and sellers of raw milk. All raw milk sale contracts must have the details of the parties, their duties and responsibilities, price per kilogramme, quantities, oversupply or undersupply terms, quality specifications, testing and rejection terms, transfer of ownership and time of collection or delivery. Other conditions are the frequency of collection or delivery, contractual period, terms of payment, confidentiality, waivers and amendment terms, terms of termination of contract, indemnification and insurance, sanctions for failure to honour contractual obligations, notices and demands, force majeure and the dispute resolution mechanism.


Source: The Star April 18, 2020 02:26 UTC



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