New Jersey § 12A:2-309 Absence of specific time provisions; notice of termination.

New Jersey Statutes

§ 12A:2-309 — Absence of specific time provisions; notice of termination.

New Jersey § 12A:2-309

Title 12ACOMMERCIAL TRANSACTIONS

This text of New Jersey § 12A:2-309 (Absence of specific time provisions; notice of termination.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 12A:2-309 (2026).

Text

(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)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. L.1961, c.120, s.2-309.

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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) 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. L.1961, c.120, s.2-309.