                                 CODE OF VIRGINIA

CONTINUING CONTRACTUAL TERMS (§ 59.1-503.4)

a. Terms of an agreement involving successive performances apply to all
performances, even if the terms are not displayed or otherwise brought to the
attention of a party with respect to each successive performance, unless the
terms are modified in accordance with this chapter or the contract.

b. If a contract provides that terms may be changed as to future performances by
compliance with a described procedure, a change proposed in good faith pursuant
to that procedure becomes part of the contract if the procedure:

   1. reasonably notifies the other party of the change; and

   2. in a mass-market transaction, permits the other party to terminate the
   contract as to future performance if the change alters a material term and the
   party in good faith determines that the modification is unacceptable.

c. The parties by agreement may determine the standards for reasonable notice
unless the agreed standards are manifestly unreasonable in light of the
commercial circumstances.

d. The enforceability of changes made pursuant to a procedure that does not
comply with subsection (b) is determined by the other provisions of this chapter
or other law.

HISTORY: 2000, cc. 101, 996.