Indiana Statutes
§ 26-1-2-306 — Output, requirements, and exclusive dealings
(1)A term which measures the quantity by
the output of the seller or the requirements of the buyer means such
actual output or requirements as may occur in good faith, except that
no quantity unreasonably disproportionate to any stated estimate or in
the absence of a stated estimate to any normal or otherwise comparable
prior output or requirements may be tendered or demanded.
(2)A lawful agreement by either the seller or the buyer for exclusive
dealing in the kind of goods concerned imposes unless otherwise
agreed an obligation by the seller to use best efforts to supply the goods
and by the buyer to use best efforts to promote their sale.
Formerly: Acts 1963, c.317, s.2-306.
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Nearby Sections
15
§ 26-1-1-0.3
Certain security interests considered perfected§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection;
filing of financing statements§ 26-1-1-101
Short title; application§ 26-1-1-104
Construction against implicit repeal§ 26-1-1-105
Repealed§ 26-1-1-106
Remedies to be liberally administered§ 26-1-1-108
Severability