328 Term of contract agreement
(1) A contract agreement applies for the period specified in it as its
nominal term and, after that period, until terminated in accordance with this
(2) The nominal term of a contract agreement must not be less than 12
months nor more than 3 years.
(3) However, a contract agreement made for a project may have a
specified nominal term not exceeding the expected duration of the
(4) A contract agreement varying an earlier agreement applies for the
residue of the term of the agreement it varies.