Common use of Renewal of License Clause in Contracts

Renewal of License. Upon expiration of the Initial Term and each Renewal Term, all licenses granted under this Agreement shall automatically renew for an additional 12-month Renewal Term and Idera will invoice Customer at the then-current subscription-based list price for such additional License Term unless Idera or its authorized representatives are notified by Customer in writing at least thirty (30) days prior to the expiration of the Initial Term or then-current Renewal Term, as applicable, that Customer will not renew the licenses granted hereunder for another Renewal Term.