Common use of Initial Manufacturing Term Clause in Contracts

Initial Manufacturing Term. With respect to a Product, the “Initial Manufacturing Term” shall be two (2) years from the date the initial production lot for such Product is validated. The Initial Manufacturing Term shall automatically renew for a period of one (1) year (each such period, a “Subsequent Manufacturing Term”). Either Party may terminate this Agreement by providing the other Party with written notice of such intention six (6) months prior to the end of a Subsequent Manufacturing Term.