To Infinity and Beyond: When a Business Contract is Incomplete
Parties who decide to do business with each other must be very careful to ensure that the agreement between them contains all the important terms, especially the duration of the contract over which the parties expect to be in business with each other. A recent case from the Massachusetts Appeals Court confirms that in situations where a contract does not have an express duration term, the parties’ intent and circumstances dictate the reasonable duration of the contract, and one party cannot terminate the contract at-will.
