Common use of Renewal of Agreement Clause in Contracts

Renewal of Agreement. The parties shall notify the other party in writing of its intention whether to renew this agreement at least 30 days prior to the expiration hereof. This agreement may be renewed upon the parties’ mutual consent. If either party fails to notify the other party prior to expiration, such party shall be deemed to have agreed on the termination hereof, and the other party shall be entitled to take any action without assuming any liability for breach of contract.

Renewal of Agreement. The parties Each party shall notify the other party in writing of its intention whether or not to renew this agreement Agreement at least 30 days prior to the expiration hereof. This agreement Agreement may be renewed upon the both parties’ mutual consent. If either party fails to notify the other party prior to expirationwithin the said time limit, such party shall be deemed to have agreed on the termination hereof, of this Agreement upon its expiration and the other party shall be entitled to take any action without assuming any liability for breach of contractbreaching liability.

Renewal of Agreement. The parties Each party shall notify the other party Party in writing of its intention whether or not to renew this agreement Agreement at least 30 days prior to the expiration hereof. This agreement Agreement may be renewed upon the partiesParties’ mutual consent. If either party any Party fails to notify the other party prior to expirationParty within the said time limit, such party Party shall be deemed to have agreed on the termination hereof, of this Agreement upon its expiration and the other party Party shall be entitled to take any action without assuming any liability for breach of contractbreaching liability.