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If LottaLemonade files a bankruptcy proceeding, it can seek to reject (or get out of) the contract with LemonGrowers. This means that LottaLemonade may have no further obligation to accept or pay for any future deliveries of the lemons for the remainder (eight years) of the contract. Without the protection of the Bankruptcy Code, LottaLemonade would remain obligated to LemonGrowers for the entire length of the contract and LemonGrowers could sue LottaLemonade for breaching the contract.
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