Common use of Agreement Duration Clause in Contracts

Agreement Duration. Agreements for procured goods or services may not exceed five (5) years, and no renewal or extension of an agreement may result in a term exceeding five (5) years.

Agreement Duration. Agreements for procured goods or services may not exceed five (5) years, nor may they be renewed, unless renewal was included in the original solicitation and does not result in the total term of the agreement exceeding five (5) years. A simple extension of the term of an agreement that does not result in an obligation of Subrecipient to pay additional CDBG Funds to the contractor is not considered a renewal of an agreement. However, no renewal or extension of an agreement may result in a the term of the agreement exceeding five (5) years.

Agreement Duration. Agreements for procured goods or services may not exceed five (5) years, nor may they be renewed, unless renewal was included in the original solicitation and does not result in the total term of the agreement exceeding five (5) years. A simple extension of the term of an agreement that does not result in an obligation of Manager to pay additional monies to the contractor is not considered a renewal of an agreement. However, no renewal or extension of an agreement may result in a term exceeding five (5) years.

Agreement Duration. Agreements for procured goods or services may not exceed five (5) years, nor may they be renewed, unless renewal was included in the original solicitation and does not result in the total term of the agreement exceeding five (5) years. A simple extension of the term of an agreement that do es not result in an obligation of Manager to pay additional monies to the contractor is not considered a renewal of an agreement. However , no renewal or extension of an agreement may result in a term exceeding five (5) years.