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Terms Used In Illinois Compiled Statutes 505 ILCS 17/30

  • Contract: A legal written agreement that becomes binding when signed.
     A production contract may include a confidentiality provision, but communications with any of the following shall not be considered a breach of any such provision: (i) a producer’s spouse; (ii) a producer’s parents, siblings, and children of the age of majority if these persons are partners, shareholders, officers, or directors of the producer’s agricultural operations; (iii) accountants; (iv) attorneys; (v) bankers; (vi) financial institutions; (vii) farm managers; (viii) trusts or trust beneficiaries; or (ix) the partners, officers, or directors of the producer’s agricultural operations. When communicating with these persons, the producer must request each person to treat the information as privileged and confidential.