sec.26Effect as a contract

### sec.26 Effect as a contract When a participation agreement for a distributor-retailer takes effect, it has effect as a contract between all of the following entities from time to time— the parties to the agreement; all other entities who are or become participants in the distributor-retailer; each member of the board. The entities are taken to have agreed to observe and perform the contract so far as it applies to them. (sec.26-ssec.1) When a participation agreement for a distributor-retailer takes effect, it has effect as a contract between all of the following entities from time to time— the parties to the agreement; all other entities who are or become participants in the distributor-retailer; each member of the board. (sec.26-ssec.2) The entities are taken to have agreed to observe and perform the contract so far as it applies to them. - (a) the parties to the agreement; - (b) all other entities who are or become participants in the distributor-retailer; - (c) each member of the board.