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The determination of what is considered a reasonable time in the case of termination of a contract by lapse of time can vary according to the:
Demand Shifts
Demand shifts occur when the overall demand for a product or service increases or decreases due to changes in consumer preferences, income levels, prices of related goods, and other factors.
Technology Changes
The process of innovation and improvement in technology, affecting productivity, efficiency, and society's overall way of life.
Depression Phase
An economic downturn marked by a long period of decline in GDP, high unemployment, falling prices, and reduced levels of trade and investment.
Unemployment Rate
The percentage of workers who are jobless and actively seeking positions.
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