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Virginia · Through 9/4/2026 · Newer source version available

Va. Code § 59.1-503.5: Terms to be specified

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Where this section sits in the code
  1. Title 59.1. TRADE AND COMMERCE
  2. Chapter 43. UNIFORM COMPUTER INFORMATION TRANSACTIONS ACT
  3. Article 3. CONSTRUCTION

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:(1) Specification must be made in good faith and within limits set by commercial reasonableness.(2) If a specification materially affects the other party's performance but is not seasonably made, the other party:(A) is excused for any resulting delay in its performance; and(B) may perform, suspend performance, or treat the failure to specify as a breach of contract.2000, cc. 101, 996.

Collected 2026-09-04T15:17:49Z. Source file · JSON

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