Effectiveness, Term and Miscellaneous. 8.1 Any written consents, directions, appointments and other decisions of Party A concerning this Agreement, which may significantly affect Party B’s daily operation and management, shall be made by the board of directors (or the executive director in case of absence of the board of directors) of Party A.
Effectiveness, Term and Miscellaneous. 11.1 Party A’s written consents, recommendations, designation and other decisions hereunder which may have material effect on Party B’s daily operation shall be made by the board of directors of Party A or, if Party A has no board of directors, by the executive director of Party A. 11.2 This Agreement shall be executed by the Parties and become effective on the date first above written. The initial term hereof shall be ten (10) years commencing from the effective date of this Agreement. The Parties hereby agree and acknowledge that this Agreement shall be automatically renewed for ten (10) years upon the expiration of any term, unless otherwise expressly required by law (in which case Party A shall have the right to decide whether to renew this Agreement at its own discretion) or expressly required by Party A. 11.3 Within the term of this Agreement, Party B shall not terminate this Agreement earlier. Party A shall have the right to terminate this Agreement at any time by giving Party B a written notice thirty (30) days in advance. 11.4 The Parties hereby acknowledge that this Agreement is a fair and reasonable agreement entered into by and between the Parties on the basis of equality and mutual benefit. If any provision or requirement hereof should be held under any applicable law to be illegal or unenforceable, such provision shall be deemed to be removed from this Agreement and become invalid, but the validity of the remaining provisions herein shall not be affected, and this Agreement shall be deemed not to contain such provision from the beginning. The Parties shall, through mutual negotiations, replace such removed provision with a legal and valid provision which is acceptable to both Parties.
Effectiveness, Term and Miscellaneous. 8.1 The written consent, suggestions, designation and other decisions that may have material effect on the daily operations of Taomee shall be made by or under the authorization of the board of directors of Shengran.
Effectiveness, Term and Miscellaneous. 8.1Unless Party A's agreement of early termination, this Agreement shall have long-term validity during the operating period of Party A, Party B and Party B's subsidiaries' business.
Effectiveness, Term and Miscellaneous. 8.1 Party A’s written consent, advice and designation and other decisions having a significant impact upon Party B or PW Pictures’ daily operations under this Agreement shall be subject to the Board of Directors of Party A.
