41-02-26. (2-309) Absence of specific time provisions - Notice of termination.
101 words·~1 min read·
/nd/title-41/chapter-41-02-sales/41-02-26·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. The time for shipment or delivery or any other action under a contract if not provided in
this chapter or agreed upon shall be a reasonable time.
2. If the contract provides for successive performances but is indefinite in duration, it is
valid for a reasonable time but unless otherwise agreed may be terminated at any time
by either party.
3. Termination of a contract by one party except on the happening of an agreed event
requires that reasonable notification be received by the other party and an agreement
dispensing with notification is invalid if its operation would be unconscionable.