Express dissolution clause

Art. 2017. Express dissolution clause The parties may expressly agree that the contract shall be dissolved for the failure to perform a particular obligation. In that case, the contract is deemed dissolved at the time it provides for or, in the absence of such a provision, at the time the obligee gives notice to the obligor that he avails himself of the dissolution clause. Acts 1984, No. 331, §1, eff. Jan. 1, 1985.