Common use of Duration and Applicable Law Clause in Contracts

Duration and Applicable Law. This contract shall remain in force until all methods for recoveries are exhausted and the parties agree in writing to terminate this agreement and venture. However, this agreement expires in three months if for a period of time no longer than three (3) months from the date of this Agreement no effort by AQI has been made for conducting the survey and search, unless extended or canceled by the written mutual consent of both Parties. AQI agrees that if at the end of the three (3) months no survey work has been done, then and only then will the disclosures and knowledge furnished by AE revert back and shall once again be the total property of AE alone and may not be used without prior written consent of AE. Each Party shall comply with all applicable international, federal, state or local laws, regulations, or ordinances in effect or hereafter adopted. This Agreement shall be governed by and construed and interpreted in accordance with the substantive laws of the State of Florida.

Duration and Applicable Law. This contract shall remain in force until all methods for recoveries are exhausted and the parties agree in writing to terminate this agreement and venture. However, this agreement expires in three six months if for a period of time no longer than three 6 (3six) months from the date of this Agreement no effort by AQI has been made for conducting the survey and search, unless extended or canceled by the written mutual consent of both Parties. AQI agrees that if IF at the end of the three 6 (3six) months no survey NO SURVEY work has been done, then and only then will the disclosures and knowledge furnished by AE revert back and shall once again be the total property of AE alone and may not be used without prior written consent of AE. Each Party shall comply with all applicable international, federal, state or local laws, regulations, or ordinances in effect or hereafter adopted. This Agreement shall be governed by and construed and interpreted in accordance with the substantive laws of the State of Florida.