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§ 59-1-503-5 — Virginia Law | CourtGPT
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Virginia Legal Code

§ 59-1-503-5

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An agreement that is otherwise sufficiently definite to be a contract is not invalid because it leaves particulars of performance to be specified by one of the parties. If particulars of performance are to be specified by a party, the following rules apply:\n(1) Specification must be made in good faith and within limits set by commercial reasonableness.\n(2) If a specification materially affects the other party's performance but is not seasonably made, the other party:\n(A) is excused for any resulting delay in its performance; and\n(B) may perform, suspend performance, or treat the failure to specify as a breach of contract.\n2000, cc. 101, 996.