Common use of Early termination of this Agreement Clause in Contracts

Early termination of this Agreement. The parties □ may □ shall not terminate this Agreement before it expires. Either party may terminate this Agreement, as agreed, by giving a □ one-month □ month advance notice to the other party. If either party terminates this Agreement without an advance notice, the party shall compensate the other party by providing month’s (no more than one month) rent as a penalty. The penalty required from the Tenant in the preceding paragraph may be provided by deducting the same amount from the security deposit (deposit) set forth in Article 4. In the event that this Agreement is terminated in accordance with Paragraph 2 before it expires, the Landlord shall refund the rent collected in advance to the Tenant.

Early termination of this Agreement. The parties □ may □ shall not terminate this Agreement before it expires. Either party may terminate this Agreement, as agreed, by giving a □ one-month □ ___ month advance notice to the other party. If either party terminates this Agreement without an advance notice, the party shall compensate the other party by providing ___ month’s (no more than one month) rent as a penalty. The penalty required from the Tenant in the preceding paragraph may be provided by deducting the same amount from the security deposit (deposit) set forth in Article 4. In the event that this Agreement is terminated in accordance with Paragraph 2 before it expires, the Landlord shall refund the rent collected in advance to the Tenant.