What are the typical clauses of a contract?
• General reciprocal obligations: the overall responsibilities of the contracting partners. • Specification of the agricultural product to be produced / sold under the contractual obligation. • Production technology to be used, involving items such as seed variety, soil preparation and cultivation methods, plant or animal disease controls, transportation procedures, storage and quality standards, among others. • Conditions for purchase, payment obligations, timing and modality of delivery. • The system to determine the final prices to be paid to farmers, frequently considering effects of variations in product quality and any applicable loan repayments associated with the provision of inputs or services • Choice of a jurisdiction to govern the contract, from the legal standpoint. If the two parties are located in states or municipalities that are not in the same legal jurisdiction, then only one should be chosen to be applied. • Reference to a dispute settlement mechanism or to an arbit
