Issue: Under Wisconsin law, when it is not stated, what is the duration of a contract?
|Area of Law:||Business Organizations & Contracts|
|Keywords:||Duration of a contract; Reasonable notice; Silent|
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).