8.2-306 - Output, requirements and exclusive dealings. - Virginia Statutes

§ 8.2-306. Output, requirements and exclusive dealings.

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

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

(1964, c. 219.)