Renewal of Term. Provided Licensee is in full compliance with all provisions of this Agreement, any and all other agreements between the AmericaTowne and Licensee, and any and all applicable laws and regulations, and upon not less than six (6) not more than twelve (12) months written notice to the AmericaTowne of the intention to do so, the Licensee shall have the right to renew the business operations for successive periods of ten (10) years each upon the payment to the AmericaTowne of a renewal fee in an amount $25,000 and the execution of the then current form of standard business operations agreement used by the AmericaTowne prior to the expiration of each such-successive term.
Appears in 8 contracts
Samples: Licensing, Lease and Use Agreement (AMERICATOWNE Inc.), Licensing, Lease and Use Agreement (AMERICATOWNE Inc.), Licensing, Lease and Use Agreement (AMERICATOWNE Inc.)
