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§ 2-309. Absence of specific time provisions; notice of termination

West's Annotated Code of MarylandCommercial Law

West's Annotated Code of Maryland
Commercial Law
Title 2. Sales (Refs & Annos)
Subtitle 3. General Obligation and Construction of Contract (Refs & Annos)
MD Code, Commercial Law, § 2-309
§ 2-309. Absence of specific time provisions; notice of termination
Currentness
(1) The time for shipment or delivery or any other action under a contract if not provided in this title 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.

Credits

Added by Acts 1975, c. 49, § 2, eff. July 1, 1975.
Formerly Art. 95B, § 2-309.
MD Code, Commercial Law, § 2-309, MD COML § 2-309
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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