                                 CODE OF VIRGINIA

NOTICE OF TERMINATION (§ 59.1-506.17)

a. Except as otherwise provided in subsection (b), a party may not terminate a
contract except on the happening of an agreed event, such as the expiration of
the stated duration, unless the party gives reasonable notice of termination to
the other party.

b. An access contract may be terminated without giving notice. However, except
on the happening of an agreed event, termination requires giving reasonable
notice to the licensee if the access contract pertains to information owned and
provided by the licensee to the licensor.

c. A term dispensing with a notice required under this section is invalid if its
operation would be unconscionable. However, a term specifying standards for
giving notice is enforceable if the standards are not manifestly unreasonable.

HISTORY: 2000, cc. 101, 996.