Common use of Effectivity Clause in Contracts

Effectivity. This Agreement shall be effective for a period of _______ (__) years upon the date of signing of the parties, reckoned from the latest date a party signed this Agreement unless sooner pre-terminated through a written notice of pre-termination issued by a party in which case, the effectivity of the Agreement shall cease upon receipt by the other party of the notice of pre-termination. This Agreement may be renewed for another _________ (__) years by mutual agreement of the parties before the expiry of this Agreement.

Appears in 4 contracts

Samples: Internship Agreement, Observership Agreement, legal.upm.edu.ph

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