Common use of Initial Term and Renewal Term Clause in Contracts

Initial Term and Renewal Term. 4.1.1 This Agreement is concluded between the Parties for a period of one (1) year starting from the Effective Date (the "Initial Term"), and shall continue indefinitely thereafter (the "Renewal Term") (a) unless either Party has given to the other Party a written notice of termination not less than three (3) months before the expiry of the Initial Term, or (b) until terminated by either Party in accordance with Clauses 3.5.2, 4.1.2 or 4.

Initial Term and Renewal Term. 4.1.1 This Agreement is concluded between the Parties for a period periód of one (1) year starting from the Effective Date Dáte (the "Initial Term"), and shall continue indefinitely thereafter (the "Renewal Term") (a) unless either Party has given to the other Party a written notice of termination not less than three (3) months before the expiry of the Initial Term, or (b) until terminated by either Party in accordance with Clauses 3.5.2, 4.1.2 or 4.