What is the cooling-off period for a horticulture produce agreement?
The Horticulture Code provides additional protection to parties by allowing a cooling-off period for longer-term agreements. If a horticulture produce agreement is for 90 days or more, or if the period is not specified in the agreement, either party to the agreement may terminate the agreement: • within 14 days of entering into the agreement (this is referred to as the initial cooling-off period), or • a shorter or longer cooling-off period as agreed between the parties in accordance with the Horticulture Code (the cooling-off period cannot be shorter than seven days). If a horticulture produce agreement is terminated during the initial cooling-off period, any payment already made for trade that would have occurred had the agreement not been terminated must be returned within 14 days. A party can deduct any reasonable expenses they have already incurred from the amount to be returned. If an agreement is terminated during the initial cooling-off period, any trade that has occurred under
