Common use of Renewal; Termination Clause in Contracts

Renewal; Termination. (a) This Agreement shall continue in effect on a one year basis until terminated by written notice by either party to the other. Either the Company or the Consultant may terminate this Agreement by giving the other party three (3) days written notice prior to the end of any calendar month after 90 days, if substantial progress is not being made in capital raising. However, termination of Consultant by the Company shall not relieve the Company of its financial obligations to Consultant as defined herein. Death the Consultants inability to continue performing his duties under the Contract will relieve the Company of its financial obligations to such date of termination to Consultant as defined herein.

Appears in 2 contracts

Samples: Consulting Agreement (Greenhouse Solutions Inc.), Consulting Agreement (Greenhouse Solutions Inc.)

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Renewal; Termination. (a) This Agreement shall continue in effect on a one for 1 year basis until terminated by written notice by either party to the otherparties. Either the Company or the Consultant may terminate this Agreement by giving the other party three thirty (330) days written notice prior to the end of any calendar month after 90 days, if substantial progress is not being made in capital raisingnotice. However, termination of Consultant by the Company shall not relieve the Company of its financial obligations to Consultant as defined herein. Death or the Consultants Consultant's inability to continue performing his duties under the Contract will relieve the Company of its financial obligations to such date of termination to Consultant as defined herein.

Appears in 1 contract

Samples: Engagement Agreement (Hinto Energy, Inc)

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Renewal; Termination. (a) This Agreement shall continue in effect on a one for 1 year basis until terminated by written notice by either party to the otherparties. Either the Company or the Consultant may terminate this Agreement by giving the other party three thirty (330) days written notice prior to the end of any calendar month after 90 days, if substantial progress is not being made in capital raisingnotice. However, termination of Consultant by the Company shall not relieve the Company of its financial obligations to Consultant as defined herein. Death or the Consultants inability to continue performing his duties under the Contract will relieve the Company of its financial obligations to such date of termination to Consultant as defined herein.

Appears in 1 contract

Samples: Engagement Agreement (Hinto Energy, Inc)

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