When the contract is for an indefinite term, each party may terminate it upon giving a notice.
Thenotice period shall beone monthforthefirstyearof the contract,twomonthsafter the beginning of the second year, three months after the beginning of the third and succeeding years.
In the absence of an agreement to the contrary, the end of the notice period shall coincide with the end of a calendar month.
In case of a term contract transformed into an unspecified contract,the notice period shall becalculatedfrom the commencement of the contractual relations between theparties.
The parties may not agree on shorter notice periods.
Where they agree to longer time periods, the notice periods must be identical for the principal and the agent.
These provisions do not apply when the contract is terminated due to a serious misconduct of one of the parties, or the occurrence of an event of forcemajor.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 63
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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