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Agreement For Sale Of Cattle
6.1 CATTLE INSPECTION. The Second Party also agrees to authorise the First Contracting Party to inspect livestock and all feedingstuffs, veterinary stocks, equipment or other objects used in the maintenance or rearing of such bovine animals. Such inspection may take place without notice and the Second Party hereby agrees to authorize the First Party to recognize the ownership of the Second Party or any other place where any of the above Parties is located without the permission of the Second Party, and Second Patty hereby waives any inspection that such an inspection is considered a breach of the peace. 16. ATTORNEYS` FEES AND EXPENSES. In the event that the First Party, following the breach of this Agreement by the Second Party, engages an attorney to assist it in the performance by the Second Party of an obligation under this Agreement. The Second Party hereby undertakes to bear all appropriate attorneys` fees and expenses related thereto, including the employment of such attorney and the employees, employees, of Paralega]. or other staff members or representatives of such counsel, as well as all costs and expenses related to the enforcement of the obligations of the Second Party or the rights of the First Party under this Agreement, including, but not limited to, all legal fees, filing fees, statements, travel expenses or any other costs incurred by the first party in employing such counsel. E.
Market protection: As a precondition for the supply of cattle, the first party requires the second party to pay the costs of a put or call option contract or contracts in order to protect the advantage or the first party and its bank against future market fluctuations in the price of cattle (market protection). The amount of the contract may be fixed by the first party, at its sole discretion, for the sole purpose of protecting the costs of bovine animals and not as a protection of the real value or investment of the second party in bovine animals. Market protection may be acquired by the First Party in an account it maintains in its own name with a licensed broker. Market protection may be maintained throughout the period during which bovine animals for which market protection has been obtained remain in the custody of The Second Party; however, provided that the first Party may sell, at its discretion, market protection, while bovine animals are still to the second Contracting Party if it declares it appropriate in the light of market conditions. All revenue from the sale or disposal of market protection is set off against the balance of the fees invoiced, including interest. .