What happens if a contract does not specify a performance date?

Contracts & Business Law

The Civil Code contains default rules for performance where the contract does not fully specify time, manner or place. The nature of the obligation and what is reasonable in the circumstances become important.[1]

Businesses should nevertheless state delivery dates, payment dates, milestones and acceptance periods expressly to reduce uncertainty.

Sources

  1. Nepal Law Commission, **National Civil Code, 2074**, Part 5, including ss. 504–541 and special contract chapters. View source
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