Current through Public Act 103-1052
Section 505 ILCS 17/25 - IndexAn index of the major portions of the contract and the pages on which they are found must be included with each production contract offered to a producer that exceeds 2 pages in length. The index must contain references for any of the following that are included in the contract:
(1) The names of the parties to the contract.(2) The definition sections of the contract.(3) The provisions governing cancellation, renewal, or amendment of the contract by either party.(4) The sections outlining the duties or obligations of each party.(5) The compensation information.(6) Any provisions subject to change in the contract.(7) Any special provisions relative to production guidelines.Added by P.A. 093-0522, § 25, eff. 1/1/2005.