LAW 506-002 – Contracts II

Restatement Second of Contracts § 130


Contract Not to Be Performed Within a Year

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  1. Where any promise in a contract cannot be fully performed within a year from the time the contract is made, all promises in the contract are within the Statute of Frauds until one party to the contract completes his performance.
  2. When one party to a contract has completed his performance, the one-year provision of the Statute does not prevent enforcement of the promises of other parties.