23Cooling‑off period

23 Cooling‑off period

Milk supply agreements must provide for cooling‑off periods (1) Subject to subsection (3), the milk supply agreement must provide for a cooling‑off period that ends 14 days after: (a) if the agreement is in writing—the day the milk supply agreement is entered into; or (b) otherwise—the day the processor gives to the farmer a written record of the contents of the agreement under section 18. (2) A cooling‑off period is a period: (a) that starts on the day the milk supply agreement is entered into; and (b) during which the farmer may terminate the agreement with immediate effect without incurring any liability to the processor. Cooling‑off periods not required for variations of milk supply agreements (3) To avoid doubt, this section does not require the milk supply agreement to allow the farmer to terminate the agreement in response to a variation of the agreement.