Commercially reasonable performance required--Enforcement and termination.

Checkout our iOS App for a better way to browser and research.

5-29-13. Commercially reasonable performance required--Enforcement and termination.

Each lease, contract, or agreement shall contain provisions that require commercially reasonable performance by the private lessee or contractor. Each lease, contract, or agreement shall contain provisions that reserve to the Board of Regents the power to enforce the requirements of this chapter and of any leases, contracts, or agreements issued pursuant to it, which reserved powers shall include the power of termination.

Source: SL 2012, ch 46, §13.


Download our app to see the most-to-date content.