State Codes and Statutes

Statutes > Connecticut > Title42a > Art002a > Sec42a-2A-308

      Sec. 42a-2A-308. Termination; survival of obligations. (a) Except as otherwise provided in subsection (b) of this section, on the termination of a lease contract, all obligations that are still executory on both sides are discharged.

      (b) The following survive termination of a lease contract:

      (1) A right based on a previous default or performance of the lease contract;

      (2) A term limiting the scope, manner, method or location of the exercise of rights in the goods;

      (3) An obligation of confidentiality, nondisclosure or noncompetition;

      (4) A choice of law or forum;

      (5) An obligation to return or dispose of goods or return any unearned part of the rent;

      (6) An obligation to arbitrate or otherwise resolve disputes through alternative dispute resolution procedures;

      (7) A term limiting the time for bringing an action or for providing notice;

      (8) An indemnity term;

      (9) A limitation of remedy or disclaimer of warranty;

      (10) An obligation to provide an accounting and make any payment due under the accounting;

      (11) Other rights, remedies or limitations stated in the agreement as surviving to the extent enforceable under applicable law; and

      (12) Other rights, remedies or limitations if in the circumstances their survival is necessary to achieve the purposes of the parties.

      (P.A. 02-131, S. 27.)