1. The association may require members to sell allor a stipulated part of their specifically enumerated products exclusively through the association or to buy specifically enumerated supplies exclusively through the association, but in such case, a reasonable period during each year shall be specified during which any member, by giving notice in prescribed form, may be releasedfrom such obligation thereafter. Where itisdesired to enter intothe exclusive arrangement provided in this section, the association shall execute a contract with each such member setting forth what goods or wares are to be handled and upon what terms. In order toprotect itselfin the necessary outlay, which itmay make for the maintenance of itsservices, the association may stipulate that some regular charge shall be paid by the member for each unit of goods covered by such contract whether actually handled by the association or not, and in order to reimburse the association for any loss or damage which itor itsmembers may sustain through the member’s failure to deliver the member’s products to or to procure the member’s supplies from the association. 2. In caseit isdifficultor impracticableto determine the actual amount of damagesuffered by the association or its members through such failure to comply with the terms of such a contract, the association and the member may agree upon a sum to be paid as liquidated damages for the breach of the member’s contract, said amount to be stated in the contract.
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