Vermont § 401 - § 2A—401.

§ 401. § 2A—401.

• Insecurity: adequate assurance of performance (1) A lease contract imposes an obligation on each party that the other’s expectation
  of receiving due performance will not be impaired. (2) If reasonable grounds for insecurity arise with respect to the performance of either
  party, the insecure party may demand in writing adequate assurance of due performance.
  Until the insecure party receives that assurance, if commercially reasonable the insecure
  party may suspend any performance for which he or she has not already received the
  agreed return. (3) A repudiation of the lease contract occurs if assurance of due performance adequate
  under the circumstances of the particular case is not provided to the insecure party
  within a reasonable time, not to exceed 30 days after receipt of a demand by the other
  party. (4) Between merchants, the reasonableness of grounds for insecurity and the adequacy of
  any assurance offered must be determined according to commercial standards. (5) Acceptance of any nonconforming delivery or payment does not prejudice the aggrieved
  party’s right to demand adequate assurance of future performance. (Added 1993, No. 158 (Adj. Sess.), § 10, eff. Jan. 1, 1995.)