A Contract of Indefinite Duration May Be Terminated by Notice

question 51

True/False

A contract of indefinite duration may be terminated by notice from either party to the other party.

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Definitions:

In Writing

A method of documenting information that involves the use of written or typed text.

Agreements

Contracts formed between two or more parties outlining terms and conditions regarding a specific matter or transaction.

Contracts

Legally binding agreements between two or more parties that outline terms and conditions for the exchange of services, goods, or obligations.

Equitable Remedy

A type of judicial relief that requires a party to act or refrain from acting in a certain way, often employed when monetary damages are insufficient for justice.