Regulation 5 Duration of milk purchase contract
(1)
A milk purchase contract must be—
(a)
a fixed-duration contract; or
(b)
an evergreen contract.
(2)
A “fixed-duration contract” is a milk purchase contract that will terminate—
(a)
on the expiry of a specific period; or
(b)
on a specified date.
(3)
An “evergreen contract” is a milk purchase contract that will continue until one of the parties terminates it.
(4)
The milk purchase contract must state whether it is a fixed-duration contract or an evergreen contract.
(5)
A milk purchase contract must specify the date on which the obligation to supply milk commences, if this is different from the date on which it is signed.