Okla. Stat. tit. 12A, § 12A-2A-208
This is the official text of Okla. Stat. tit. 12A, § 12A-2A-208, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
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Modification, rescission, and waiver
Official statutory text
MODIFICATION, RESCISSION, AND WAIVER
(1) An agreement modifying a lease contract needs no
consideration to be binding.
(2) A signed lease agreement that excludes modification or
rescission except by a signed record may not be otherwise modified
or rescinded, but, except as between merchants, such a requirement
on a form supplied by a merchant must be separately signed by the
other party.
(3) Although an attempt at modification or rescission does not
satisfy the requirements of subsection (2) of this section, it may
operate as a waiver.
(4) A party who has made a waiver affecting an executory
portion of a lease contract may retract the waiver by reasonable
notification received by the other party that strict performance
will be required of any term waived, unless the retraction would be
unjust in view of a material change of position in reliance on the
waiver.
(1) An agreement modifying a lease contract needs no
consideration to be binding.
(2) A signed lease agreement that excludes modification or
rescission except by a signed record may not be otherwise modified
or rescinded, but, except as between merchants, such a requirement
on a form supplied by a merchant must be separately signed by the
other party.
(3) Although an attempt at modification or rescission does not
satisfy the requirements of subsection (2) of this section, it may
operate as a waiver.
(4) A party who has made a waiver affecting an executory
portion of a lease contract may retract the waiver by reasonable
notification received by the other party that strict performance
will be required of any term waived, unless the retraction would be
unjust in view of a material change of position in reliance on the
waiver.
Status: in_force · Read it on the official government site
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