Common use of REVISION AND TERMINATION Clause in Contracts

REVISION AND TERMINATION. During the period of application of the agreement, either party may request that it be revised. This request must be substantiated and notified in writing to all signatory parties. In the event of a request for revision, the parties shall meet within 3 months in order to negotiate a possible amendment. If no such amendment is agreed, this agreement shall continue to apply. Each of the signatory parties may terminate this agreement by giving at least 3 months’ notice. During this notice period, negotiations will begin.

Appears in 4 contracts

Samples: International Framework Agreement, Global Agreement, Global Framework Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!