In these Regulations—

• “fixed-duration contract” has the meaning given in regulation 5(2);

• “fixed price” has the meaning given in regulation 7(2);

• “internal democratic structure”, in relation to a business purchaser, means an organisational structure—

  1. a

     which is established in the business purchaser’s constitution; and

  2. b

     within which is a decision-making body—

     1. i

        the membership of which includes a majority of individuals who are democratically elected by the producer members of the business purchaser; and

     2. ii

        which has ultimate decision-making authority in relation to contracts for the purchase of milk;

• “milk” means cow’s milk;

• “milk constituent” means a substance contained in, or which can be extracted from, milk;

• “milk purchase contract” means a contract made by a business purchaser for the purchase of milk from a producer;

• “notice of intent” has the meaning given in regulation 23(2);

• “producer” means a qualifying seller falling within section 29(3)(b)(i) of the Agriculture Act 2020;

• “producer member” means a producer that has an ownership interest in the business purchaser in question;

• “representative organisation” is—

  1. a

     a producer organisation or an association of producer organisations recognised under Chapter 3 of Title 2 of Part 2 of Regulation (EU) No 1308/2013 of the European Parliament and of the Council of 17 December 20133 establishing a common organisation of the markets in agricultural products; or

  2. b

     a pre-commencement society, within the meaning of section 150 of the Co-operative and Community Benefit Societies Act 20144, that does not carry out processing activities5;

• “the parties” in relation to a milk purchase contract, means the business purchaser and the producer who are party to the contract;

• “variable price” has the meaning given in regulation 8(2).