70A-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 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.
Enacted by Chapter 154, 1965 General Session
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Last revised: Thursday, May 28, 2009