§490:1-302  Variation by agreement.  (a) 
Except as otherwise provided in subsection (b) or elsewhere in this chapter,
the effect of provisions of this chapter may be varied by agreement.



(b)  The obligations of good faith, diligence,
reasonableness, and care prescribed by this chapter may not be disclaimed by
agreement.  The parties, by agreement, may determine the standards by which the
performance of those obligations is to be measured if those standards are not
manifestly unreasonable.  Whenever this chapter requires an action to be taken
within a reasonable time, a time that is not manifestly unreasonable may be
fixed by agreement.



(c)  The presence in certain provisions of this
chapter of the phrase "unless otherwise agreed", or words of similar
import, does not imply that the effect of other provisions may not be varied by
agreement under this section. [L 2004, c 162, pt of §1]