If the parties' contract calls for a number of performances over an indefinite period of time, the contract is valid for a reasonable period of time but may be terminated at any time by either party after giving reasonable notice.

Question

Quizplus · Accepted Answer

This is a correct statement regarding contracts for an indefinite period of time. The contract remains valid for a reasonable period of time, but either party may terminate it at any time by giving reasonable notice.

If the Parties' Contract Calls for a Number of Performances