Iowa Code § 554.2309

Absence of specific time provisions — notice of termination
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1. The time for shipment or delivery or any other action under a contract ifnot provided in this Article or agreed upon shall be a reasonable time. 2. Where the contract provides for successive performances but isindefinite in duration itis valid for a reasonable time but unless otherwise agreed may be terminated at any time by either party. 3. Termination of a contract by one party except on the happening of an agreed event requires that reasonable notification be received by the other party and an agreement dispensing with notification isinvalid if itsoperation would be unconscionable.

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