328Term of contract agreement

#### 328 Term of contract agreement 328 Term of contract agreement > > (1) A contract agreement applies for the period specified in it as its nominal term and, after that period, until terminated in accordance with this Part. > > > (2) The nominal term of a contract agreement must not be less than 12 months nor more than 3 years. > > > (3) However, a contract agreement made for a project may have a specified nominal term not exceeding the expected duration of the project. > > > (4) A contract agreement varying an earlier agreement applies for the residue of the term of the agreement it varies.