(a) The time for shipment or delivery or any other action under a contract if not provided in this chapter or agreed upon is a reasonable time.
(b) If the contract provides for successive performances but is indefinite in duration, it is valid for a reasonable time, but, unless otherwise agreed, may be terminated at any time by either party.
(c) Termination of a contract by one party except on the happening of an agreed event requires that reasonable notification be received by the other party. An agreement dispensing with notification is invalid if its operation would be unconscionable.
Structure Alaska Statutes
Article 3. General Obligation and Construction of Contract.
Sec. 45.02.301. General obligations of parties.
Sec. 45.02.302. Unconscionable contract or clause.
Sec. 45.02.303. Allocation or division of risks.
Sec. 45.02.304. Price payable in money, goods, realty, or otherwise.
Sec. 45.02.305. Open price term.
Sec. 45.02.306. Output, requirements, and exclusive dealings.
Sec. 45.02.307. Delivery in single lot or several lots.
Sec. 45.02.308. Absence of specified place for delivery.
Sec. 45.02.309. Absence of specific time provisions; notice of termination.
Sec. 45.02.310. Open time for payment or running of credit; authority to ship under reservation.
Sec. 45.02.311. Options and cooperation respecting performance.
Sec. 45.02.312. Warranty of title and against infringement; buyer's obligation against infringement.
Sec. 45.02.313. Express warranties by affirmation, promise, description, sample.
Sec. 45.02.314. Implied warranty: Merchantability; usage of trade.
Sec. 45.02.315. Implied warranty: Fitness for particular purpose.
Sec. 45.02.316. Exclusion or modification of warranties.
Sec. 45.02.317. Cumulation and conflict of warranties express or implied.
Sec. 45.02.318. Third-party beneficiaries of warranties express or implied.
Sec. 45.02.319. F.O.B. and F.A.S. terms.
Sec. 45.02.320. C.I.F. and C. & F. terms.
Sec. 45.02.322. Delivery “ex-ship.”
Sec. 45.02.323. Form of bill of lading required in overseas shipment; “overseas.”
Sec. 45.02.324. “No arrival, no sale” term.
Sec. 45.02.325. “Letter of credit” term; “confirmed credit.”
Sec. 45.02.326. Sale on approval and sale or return; rights of creditors.
Sec. 45.02.327. Special incidents of sale on approval and sale or return.