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Home » US Law » 2022 South Dakota Codified Laws » Title 5 - Public Property, Purchases and Contracts » Chapter 29 - Research Parks » Section 5-29-13 – Commercially reasonable performance required–Enforcement and termination.

5-29-13. Commercially reasonable performance required–Enforcement and termination.

Each lease, contract, or agreement shall contain provisions that require commercially reasonable performance by the private lessee or contractor. Each lease, contract, or agreement shall contain provisions that reserve to the Board of Regents the power to enforce the requirements of this chapter and of any leases, contracts, or agreements issued pursuant to it, which reserved powers shall include the power of termination.

Source: SL 2012, ch 46, §13.