Colorado Statutes
§ 4-2-309 — Absence of specific time provisions - notice of termination
(1)The time for shipment or delivery or any other action under a contract, if not
provided in this article or agreed upon, shall be a reasonable time.
(2)Where 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.
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Legislative History
Source: L. 65: p. 1308, � 1. C.R.S. 1963: � 155-2-309.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of article§ 4-1-104
Construction against implied repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - gender§ 4-1-107
Captions§ 4-1-201
General definitions§ 4-1-202
Notice - knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - seasonableness§ 4-1-302
Variation by agreement§ 4-1-304
Obligation of good faith