Article 27 - Contract with terms deliberately left open

(1) If the parties intend to conclude a contract, the fact that they intentionally leave a term to be agreed upon in further negotiations or to be determined by a third Person does not prevent a contract from coming into existence.
(2) If the parties subsequently reach no agreement on the term or the third Person does not determine the term, the existence of the contract is not affected by the fact that the term has not been agreed or determined if:
(A) the term is not an essential term of the current contract; or
(B) the term is an essential term of the current contract, provided that there is an alternative means of rendering the term definite that is reasonable in the circumstances, having regard to the intention of the parties.