Common use of Duration of Memorandum Clause in Contracts

Duration of Memorandum. The Memorandum of Understanding will take effect from the date of its signature and shall continue for three years unless it is terminated by the giving of three months' notice by either Party. It may be extended on mutual agreement of both Parties. Upon termination, both Parties agree that the termination shall not affect the validity and duration of any arrangements, activities or projects unless mutually agreed, in writing, between both Parties.

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

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Duration of Memorandum. The Memorandum of Understanding will take effect from the date of its signature and shall continue for three 3 years unless it is terminated by the giving of three months' notice by either Party. It may be extended on mutual agreement of both Parties. Upon termination, both Parties agree that the termination shall not affect the validity and duration of any arrangements, activities or projects unless mutually agreed, in writing, between both Partiesparties.

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

Duration of Memorandum. The This Memorandum of Understanding will shall take effect from the date of its signature upon signing by all parties and shall continue for three years unless it is remain in full force and effect until otherwise terminated by the giving of three months' notice by either Partyor amended. It Amendments may be extended on made at any time by a written mutual agreement signed and dated by authorized representatives of both Partiesthe parties. Upon A party seeking to terminate this memorandum shall serve upon the other party written notice of such desire not later than 30 days prior to any proposed termination. This memorandum of understanding shall expire December 31, both Parties agree that 2015, subject to good faith negotiations to extend the termination shall not affect the validity and duration of any arrangements, activities or projects unless mutually agreed, in writing, between both Partiesagreement for additional 5 year periods.

Appears in 1 contract

Samples: Memorandum of Understanding

Duration of Memorandum. The Memorandum of Understanding will take effect from the date of its signature and shall continue for three years unless it is terminated by the giving of three months' notice by either Party. It may be extended on mutual agreement of both Parties. Upon termination, both Parties agree that the termination shall not affect the validity and duration of any arrangements, activities or projects unless mutually agreed, in writing, between both Parties.

Appears in 1 contract

Samples: Memorandum of Understanding

Duration of Memorandum. The Memorandum of Understanding will take effect from the date of its signature and shall continue for three five years unless it is terminated by the giving provision of three months' notice by either Partyparty. It may be extended on by mutual agreement of both Parties. Upon termination, both Parties agree that the termination shall not affect the validity and duration of any arrangements, activities or projects unless mutually agreed, in writing, between both Partiesparties.

Appears in 1 contract

Samples: Memorandum of Understanding

Duration of Memorandum. The Memorandum of Understanding will take effect from the date of its signature and shall continue for three five years unless it is terminated by the giving of three months' notice by either Partyparty. It may be extended on mutual agreement of both Parties. Upon termination, both Parties agree that the termination shall not affect the validity and duration of any arrangements, activities or projects unless mutually agreed, in writing, between both Partiesparties.

Appears in 1 contract

Samples: Memorandum of Understanding

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Duration of Memorandum. The Memorandum of Understanding will take effect from the date of its signature and shall continue for three five years unless it is terminated by the giving of three months' notice by either Party. It may be extended on mutual agreement of both Parties. Upon termination, both Parties agree that the termination shall not affect the validity and duration of any arrangements, activities or projects unless mutually agreed, in writing, between both Parties.

Appears in 1 contract

Samples: Memorandum of Understanding

Duration of Memorandum. The This Memorandum of Understanding will take effect from the date of its signature and shall continue for three five consecutive years unless either party terminates it is terminated by the giving of with a three months' notice by either Party’ notice. It may be extended on by mutual agreement of both Parties. Upon termination, both Parties agree that the parties upon termination shall not affect the validity and duration of any arrangements, activities or projects unless mutually agreed, in writing, between both Parties2020.

Appears in 1 contract

Samples: Memorandum of Understanding

Duration of Memorandum. The Memorandum of Understanding will take effect from the date of its signature and shall continue for a period of three years unless it is terminated by giving to the giving of other Party three months' prior written notice by either Party. It may be extended on mutual agreement of both Parties. Upon termination, both Parties agree that the termination shall not affect the validity and duration of any arrangements, activities or projects unless mutually agreed, in writing, between both Parties.

Appears in 1 contract

Samples: Memorandum of Understanding

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