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Area of Law: | Business Organizations & Contracts |
Keywords: | Duration of a contract; Reasonable notice; Silent |
Jurisdiction: | Wisconsin |
Cited Cases: | None |
Cited Statutes: | None |
Date: | 03/01/2015 |
The general rule is that if a contract is silent as to duration it may be terminated by either party upon reasonable notice. Oostburg State Bank v. United Sav. & Loan Assoc., 125 Wis. 2d 224, 234 (Wis. Ct. App. 1984).
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