(1) If an agreement is reached between the agricultural producer and a creditor, the mediator shall draft a written mediation agreement to be signed by the agricultural producer and the creditor.
(2) An agricultural producer and any creditor who are parties to a mediation agreement:
(a) Are bound by the terms of the agreement;
(b) May enforce the mediation agreement as a legal contract; and
(c) May use the mediation agreement as a defense against an action contrary to the mediation agreement.
(3) The mediator shall encourage the parties to have the agreement reviewed by independent legal counsel before signing the agreement. [1989 c.967 §7]
Note: See note under 36.250.Section: Previous 36.238 36.245 36.250 36.252 36.254 36.256 36.258 36.260 36.262 36.264 36.266 36.268 36.270 36.300 36.305 Next
Last modified: August 7, 2008