Duration Renewal and Amendment Clause Samples
The 'Duration, Renewal and Amendment' clause defines the length of time a contract remains in effect, the conditions under which it may be extended, and the process for making changes to its terms. Typically, this clause specifies a start and end date for the agreement, outlines whether and how the contract can be renewed—such as through automatic extensions or mutual agreement—and details the formal steps required for any amendments, often requiring written consent from all parties. Its core practical function is to provide clear guidelines for the contract's lifecycle and adaptability, thereby preventing misunderstandings about how long the agreement lasts and how modifications can be made.
Duration Renewal and Amendment. 3.01 This Collective Agreement becomes effective on September 1, 2004 and shall remain in effect until August 31, 2008.
3.02 Notwithstanding the period of notice stipulated in Section 59 of the Labour Relations Act, either Party may notify the other at any time within the period of 90 days prior to the termination date of the Collective Agreement that it desires to negotiate the renewal, with or without modifications, of this Collective Agreement.
3.03 A Party desiring to amend the Collective Agreement shall give written notice to the other Party to this effect. The Parties shall meet within fifteen (15) calendar days to negotiate the proposed amendments and to determine if mutual agreement can be reached to make such amendment(s).
3.04 Any amendments to, additions to, deletions from or deviations from this Collective Agreement shall be made in writing upon mutual consent of the Parties and any such amendment, addition, deletion or deviation shall have effect from such date as shall mutually be agreed upon by the Parties.
3.05 Any Board policy which forms part of this Agreement may not be amended during the life of this Agreement except under the terms of Sections 3.03 and 3.04.
Duration Renewal and Amendment. 7.1 This MoC will come into force on the date of the final signature. It will be valid for [insert number of years in text and number] years from that date.
7.2 This MoC can be renewed for further periods of [insert number of years in text and number] years through mutual agreement expressed in writing.
7.3 This MoC can be amended at any time through mutual agreement expressed in writing. Such amendments, once approved by the parties, will become part of this MoC.
Duration Renewal and Amendment