In the absence from an agreement entered into under sections 302.21 to 302.24, inclusive, of the Revised Code, of a specification of its own duration, such agreement shall continue in effect until it is rescinded. Every such agreement, whether for a definite term or of indefinite duration, may provide for its own rescission. In the absence of any such provision, such agreement may, at any time, be rescinded by the agreement of both parties, and may at any time be rescinded by resolution of either party to the agreement, effective at the end of the fiscal year.
Effective Date: 10-16-1961
Section: Previous 302.15 302.16 302.17 302.18 302.19 302.20 302.201 302.202 302.203 302.204 302.21 302.22 302.23 302.24 NextLast modified: October 10, 2016