Common use of Duration and Extension Clause in Contracts

Duration and Extension. This Agreement shall remain in force for a period of 10 years and shall be extended for consecutive periods of five years, unless a Party renounces the extension by notifying to the other Party in writing at least one year before the expiration of the Agreement.

Duration and Extension. This Agreement shall remain in force for a period of 10 six years and shall be extended for consecutive periods of five years, six years unless a Party renounces the extension by notifying to the other Party in writing at least one year before prior to the expiration expiry of the this Agreement.

Duration and Extension. This Agreement agreement shall remain in force for a period of 10 seven years and shall be extended for consecutive periods of five years, unless a Party renounces the extension by notifying to the other Party in writing at least one year before the expiration expiry of the Agreementagreement.