125Members etc may be required to deal with co-operative

#### 125 Members etc may be required to deal with co-operative 125 Members etc may be required to deal with co-operative > > (1) The rules of a co-operative may contain provisions that require a member to have stated dealings with the co-operative for a fixed period and to enter into a contract for that purpose. > > > (2) A co-operative may, if authorised by its rules, make a contract with a member containing provisions that require the member to have stated dealings with the co-operative for a fixed period. > > > (3) In particular, the provisions of the rules of the co-operative or a contract may require a member— > > > > > (a) to sell products through or to the co-operative; or > > > > > (b) to obtain supplies or services through or from the co-operative; or > > > > > (c) to pay to the co-operative a stated amount as liquidated damages for any failure to comply with a requirement authorised by this section. > > > (4) Any amount required to be paid to the co-operative as liquidated damages is, for the purposes of section 127, a debt payable by the member to the co-operative and is accordingly subject to that section. > > > (5) A contract authorised by this section is binding on the co-operative and all other parties even though, apart from this Law, the contract would be invalid as being in restraint of trade. > > > (6) Rules authorised by this section are authorised even though, apart from this section, the rules might be invalid as being in restraint of trade.