Common use of Contract Period and Termination Clause in Contracts

Contract Period and Termination. 1. This contract will come into effect on April 18, 2023 and will last for 5 years. Unless Party A notifies Party B in writing not to renew the contract 90 days before the expiration of this contract, this contract will be automatically renewed for one year according to the original conditions; the same applies thereafter.

Contract Period and Termination. 1. This 7.1 The contract will come into take effect on April 18, 2023 since it is signed and will last be valid for 5 years. Unless Party A notifies Party B in writing not to renew the contract 90 days before It will be automatically extended without both parties’ doubt after the expiration of this the contract. If any party has no intention to continue the contract after expiring, this contract will be automatically renewed for one year according to then he/her should inform the original conditions; the same applies thereafterother party through a written notice within 30 days.