Contract Renegotiation Time
Aug 2002 Issue of Wine Business Monthly
The word contract comes from two Latin words, com, meaning together, and trahere, to draw. Thus a contract is supposed to draw together the parties, to get everyone on the same page. Or the same 15 pages if the attorneys get their way. Growing grapes is a long-term proposition, requiring a huge up-front investment. Money flows in the wrong direction for several years before production starts. Once production gets going, the vineyard should have a productive life of 25 years or more. Growers--and...
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