Nevada Code § 104.2616

Procedure on notice claiming excuse
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1. Where the buyer receives notification
of a material or indefinite delay or an allocation justified under the
preceding section the buyer may by written notification to the seller as to any
delivery concerned, and where the prospective deficiency substantially impairs
the value of the whole contract under the provisions of this Article relating
to breach of installment contracts ( NRS
104.2612 ), then also as to the whole:
(a) Terminate and thereby discharge any
unexecuted portion of the contract; or
(b) Modify the contract by agreeing to take his
or her available quota in substitution.
2. If after receipt of such notification
from the seller the buyer fails so to modify the contract within a reasonable
time not exceeding 30 days the contract lapses with respect to any deliveries
affected.
3. The provisions of this section may not
be negated by agreement except insofar as the seller has assumed a greater
obligation under the preceding section.

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