Common use of Application and Entry into Force Clause in Contracts

Application and Entry into Force. 1. This Agreement shall apply to any investment made by an investor of one Contracting Party in the territory of the other Contracting Party before or after the entry into force of this Agreement. For further certainty, this Agreement does not create rights regarding actions taken and completed prior to its entry into force. 2. The two Annexes hereto shall form integral parts hereof. 3. Each Contracting Party shall notify the other through diplomatic channels in writing of the completion of the procedures required in its territory for the entry into force of this Agreement. This Agreement shall enter into force on the date of the latter of the two notifications. 4. This Agreement shall remain in force unless either Contracting Party notifies the other Contracting Party through diplomatic channels in writing of its intention to terminate it. The termination of this Agreement shall become effective one year after notice of termination has been received by the other Contracting Party. In respect of investments or commitments to invest made prior to the date when the termination of this Agreement becomes effective, the provisions of Articles I to XIV inclusive, as well as paragraphs (1) and (2) of this Article, shall remain in force for a period of fifteen years.