North Dakota § 41-02-26 (2-309) Absence of specific time provisions - Notice of termination

North Dakota Statutes

§ 41-02-26 — (2-309) Absence of specific time provisions - Notice of termination

North Dakota·Title 41 Uniform Commercial Code·Ch. 41-02 Sales

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.

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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.

North Dakota § 41-02-26 ((2-309) Absence of specific time provisions - Notice of termination) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.