Sec. 10.15.220. Liquidated damages clause in cooperative contracts.
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Sec. 10.15.220. Liquidated damages clause in cooperative contracts.
The contract referred to in AS 10.15.215 may fix and require liquidated damages to be paid by the member to the cooperative in the event of a breach of the contract by the member. Liquidated damages may be a percentage of the value or a specified amount per unit of the products, goods or services involved by the breach, or a specific sum.