§ 703. Duration of marketing contract

The initial duration of a marketing contract may not exceed 10 years, but the contract may be self-renewing for additional periods not exceeding five years each. Unless the contract provides for another manner or time for termination, either party may terminate the contract by giving notice in a record at least 90 days before the end of the current term. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)