Wednesday, July 22, 2009

May contracts last indefinitely in California?

Assuming that the parties are either entities that may exist "into perpetuity" or may assign their interests and assuming that there is no termination date, no termination conditions, or termination conditions that never occur, technically such an agreement could exist into perpetuity. Under California law, a contract may, by its express terms, provide for a term of duration of indefinite length and without specific limitation, tied not to the calendar but to the conduct of the contracting parties.

IMPORTANT DISCLAIMER: The above material does not constitute legal advice and should not be relied on. It does not create an attorney-client relationship. Each locality has differing laws. A legal matter cannot be satisfactorily resolved without a comprehensive review and analysis of all the unique facts and laws at issue by an able attorney. Your matter may result in a loss of rights if you do not timely retain such an attorney. For more information, please visit:

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