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N.J. Stat. Ann. § 12A:2-306

Output, requirements and exclusive dealings

Applied in 1 court decision — leading case Mid-American Salt LLC v. Morris County Cooperative Pric (2020)

Most recently applied in Mid-American Salt LLC v. Morris County Cooperative Pric (July 2020)

L.1961, c. 120, s. 2-306.

(1) A term which measures the quantity by the output of the seller or the requirements of the buyer means such actual output or requirements as may occur in good faith, except that no quantity unreasonably disproportionate to any stated estimate or in the absence of a stated estimate to any normal or otherwise comparable prior output or requirements may be tendered or demanded.

(2) A lawful agreement by either the seller or the buyer for exclusive dealing in the kind of goods concerned imposes unless otherwise agreed an obligation by the seller to use best efforts to supply the goods and by the buyer to use best efforts to promote their sale.

Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.