All of the following statements are true regarding investment advisory contracts under NASAA's Model Rule on Unethical Business Practices of Investment Advisers, Investment Adviser Representatives, and Federal Covered Advisers EXCEPT A) the contract may be for an initial period of more than 1 year B) the contract must be written in 10-point type or larger C) the contract must describe the discretionary powers the client is granting to the adviser D) the contract must describe the services the adviser will provide to the client