Texas Business & Commerce Code - Section 1.302. Variation By Agreement

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§ 1.302. VARIATION BY AGREEMENT.  (a) Except as otherwise 
provided in Subsection (b) or elsewhere in this title, the effect of 
provisions of this title may be varied by agreement.
	(b)  The obligations of good faith, diligence, 
reasonableness, and care prescribed by this title may not be 
disclaimed by agreement.  The parties, by agreement, may determine 
the standards by which the performance of those obligations is to be 
measured if those standards are not manifestly unreasonable.  
Whenever this title requires an action to be taken within a 
reasonable time, a time that is not manifestly unreasonable may be 
fixed by agreement.
	(c)  The presence in certain provisions of this title of the 
phrase "unless otherwise agreed," or words of similar import, does 
not imply that the effect of other provisions may not be varied by 
agreement under this section.

Added by Acts 2003, 78th Leg., ch. 542, § 1, eff. Sept. 1, 2003.           

Last modified: August 10, 2007