The initial duration of a marketing contract may not exceed ten years, but the contract may be made self-renewing for additional periods not exceeding five years each. Unless the contract provides for another manner or time for termination, either party may terminate the contract by giving notice in a record at least ninety days before the end of the current term.

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Terms Used In Nebraska Statutes 21-2951

  • Contract: A legal written agreement that becomes binding when signed.