N.M. Stat. § 55-2-205
Firm offers.
An offer by a merchant to buy or sell goods in a signed record that by its terms gives
assurance that it will be held open is not revocable, for lack of consideration, during the
time stated or if no time is stated for a reasonable time, but in no event may such period
of irrevocability exceed three months; but any such term of assurance on a form
supplied by the offeree must be separately signed by the offeror.