Common use of Duration of the Memorandum Clause in Contracts

Duration of the Memorandum. 5.1. This Memorandum shall enter into force on the following day of its signing by the Par- ties. 5.2. The memorandum is concluded for a period of one year. The Memorandum may be ex- tended by mutual written agreement of the Parties. 5.3. This Memorandum may be curtailed by mutual written agreement of the Parties. 5.4. Each of the Parties has the right to terminate the Memorandum unilaterally by notifying the other party in writing within 4 calendar days. 5.5. In the event of termination of this Memorandum, measures initiated under the Memo- randum and not completed during its term shall be continued and terminated in accordance with the conditions previously agreed by the Parties, except when these measures cannot be completed.

Duration of the Memorandum. 5.1. This Memorandum shall enter into force on the following day of its signing by the Par- ties. 5.2. The memorandum is concluded for a period of one year. The Memorandum may be ex- tended by mutual written agreement of the Parties. 5.3. This Memorandum may be curtailed by mutual written agreement of the Parties. 5.4. Each of the Parties has the right to terminate the Memorandum unilaterally by notifying the other party in writing within 4 calendar days. 5.5. In the event of termination of this Memorandum, measures initiated under the Memo- randum and not completed during its term shall be continued and terminated in accordance with the conditions previously agreed by the Parties, except when these measures cannot be completed.accordance