Vermont Statutes Title 11 Sec. 701
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Terms Used In Vermont Statutes Title 11 Sec. 701
- Contract: A legal written agreement that becomes binding when signed.
- Member: means a person that is admitted as a patron member or investor member or both in a mutual benefit enterprise. See
- Mutual benefit enterprise: means an enterprise organized under this title. See
- Person: means an individual; corporation; business trust; cooperative; estate; trust; partnership; limited partnership; limited liability company; mutual benefit enterprise; joint venture; association; public corporation; government or governmental subdivision, agency, or instrumentality; or any other legal or commercial entity. See
§ 701. Authority
In this article, “marketing contract” means a contract between a mutual benefit enterprise and another person who need not be a patron member:
(1) requiring the other person to sell or to deliver for sale or marketing on the person’s behalf a specified part of the person’s products, commodities, or goods exclusively to or through the enterprise or any facilities furnished by the enterprise; or
(2) authorizing the enterprise to act for the person in any manner with respect to the products, commodities, or goods. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)