554.2309 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 Article 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 timeby 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 agreementdispensing with notification is invalid if its operation would be unconscionable. [C24, 27, 31, 35, 39, §9972, 9974, 9976, 9977; C46, 50, 54, 58, 62, §554.44, 554.46, 554.48, 554.49; C66, 71, 73, 75, 77, 79, 81, §554.2309] Sat Dec 23 01:49:40 2023 Iowa Code 2024, Section 554.2309 (24, 0)
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