Common use of ENTRY INTO FORCE AND DURATION AND TERMINATION Clause in Contracts

ENTRY INTO FORCE AND DURATION AND TERMINATION. (1) This Agreement shall enter into force thirty days after the date on which the Parties have notified each other in writing that their respective requirements for the entry into force of this Agreement have been complied with. (2) This Agreement shall remain in force for a period of fifteen years and thereafter shall remain in force indefinitely, unless terminated in accordance with paragraph (3) of this Article. (3) Either Contracting Party may terminate this Agreement at any time after it has been in force for fifteen years by giving one year’s written notice to the other Contracting Party. (4) Notwithstanding termination of this Agreement pursuant to paragraph (3) of this Article, the Agreement shall continue to be effective for a second and final period of fifteen years from the date of its termination in respect of investments made before the date of termination of this Agreement.