Common use of Effectiveness and Validity Clause in Contracts

Effectiveness and Validity. 9.1 This Agreement shall be effective upon the execution by both parties on the date of agreement indicated at the beginning of this Agreement. 9.2 The term of this Agreement shall be permanent unless terminated in accordance with this Agreement in advance. 9.3 Before expiration of this Agreement, if required by Party A, both parties shall change the term of this Agreement in accordance with Party A’s request, and execute another exclusive consulting and services agreement or perform this Agreement continuously.

Effectiveness and Validity. 9.1 ​ 1. This Agreement is signed and shall be effective as of the date indicated on commencement herein. This Agreement shall be remain effective upon the execution by both parties on the date of agreement indicated at the beginning of this Agreement. 9.2 The term of this Agreement shall be permanent for twenty (20) years unless it is early terminated in accordance with this Agreement in advance.or other related agreements concluded by the Parties. ​ 9.3 Before expiration of this Agreement, if required by Party A, both parties shall change the term of this 2. This Agreement in accordance with may be extended upon Party A’s requestwritten confirmation prior to its expiration. The extension of the term shall be determined by Party A and, and execute Party B must agree to it unconditionally. Party A shall have the rights to elect another exclusive consulting and services agreement or perform this Agreement continuously.extension of the validity period. ​