7 USC 57a – Agreements with cotton associations, etc., in foreign countries to establish cotton standards
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The Secretary of Agriculture is authorized to effectuate agreements with cotton associations, cotton exchanges, and other cotton organizations in foreign countries, for (1) the adoption, use, and observance of universal standards of cotton classification, (2) the arbitration or settlement of disputes with respect thereto, and (3) the preparation, distribution, inspection, and protection of the practical forms or copies thereof under such agreements.
Terms Used In 7 USC 57a
- cotton: means cotton of any variety produced within the continental United States, including linters. See 7 USC 62
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.