Article 10. Requirements for a business contract

A business contract shall specify the subject of contract, quantity, quality, variety and price of the goods supplied (work, services), deadlines, calculation procedure, obligations of the parties, liability of the parties for non-fulfillment or improper performance of contractual obligations, dispute resolution, requisites of the parties, and place of conclusion of the contract, as well as other essential conditions that are established by the legislation with regard to contracts of this kind or in relation to the other type of contract where one of the parties has applied to reach an agreement.

When determining the settlement procedure, a business contract must necessarily provide for a condition for the advance payment of the cost of goods (works, services) in an amount not less than what is specified in law.

When concluding a business contract, the parties may be guided by their template or standard conditions (forms) developed for contracts of the relevant type and published upon legal expertise in the prescribed manner.

The contracting agreement is concluded at the location of the agricultural producer. The contracting agreement, along with other requirements, must provide for advance payments for the agricultural products supplied with the amount provided by law at least.