Alaska § 45.02.209 - Modification, rescission, and waiver.
Full text of Alaska Alaska Statutes § 45.02.209 — Modification, rescission, and waiver., with citation guidance and answers to common questions.
§ 45.02.209. Modification, rescission, and waiver.
(a) An agreement modifying a contract within this chapter needs no consideration to be binding.
(b) A signed agreement that excludes modification or rescission except by a signed writing cannot be otherwise modified or rescinded, but except as between merchants such a requirement on a form supplied by the merchant must be separately signed by the other party.
(c) The requirements of the statute of frauds section ( AS 45.02.201 ) must be satisfied if the contract as modified is within its provision.
(d) Although an attempt at modification or rescission does not satisfy the requirements of (b) or (c) of this section it can operate as a waiver.
(e) A party who has made a waiver affecting an executory portion of the 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.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 45.02.209
What does Alaska Statutes § 45.02.209 cover?
Section 45.02.209 ("Modification, rescission, and waiver.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 45.02.209?
A common citation format is "Alaska Statutes § 45.02.209" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 45.02.209 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.