Term Agreements Sample Clauses
A Term Agreements clause defines the duration for which a contract or agreement remains in effect. It typically specifies the start and end dates of the agreement, and may outline conditions for renewal, extension, or early termination. For example, it might state that the agreement lasts for one year and automatically renews unless either party provides notice of non-renewal. The core function of this clause is to provide certainty and structure regarding the contractual relationship's timeframe, helping both parties plan their obligations and manage expectations.
Term Agreements. Some products/services are available under a term agreement (Term). The Term for all Service starts on the day of the last billed new Service, or product (if applicable) whichever is later, and billing for Service commences when each Service is activated, unless activation is delayed due to circumstances beyond the customer’s control—then the billing starts once the impediment to activation is removed; but in all events, billing will commence within six (6) months of execution of the Agreement. Should you postpone the date of activation more than one time, you will be charged two-hundred fifty dollars ($250) per location for each and every postponement after the first postponement. For purpose of clarity, the preceding sentence does not obligate us to grant a postponement of the activation date. The Term and will automatically renew for successive one (1) year terms thereafter (in each case, a “Renewal Term”), until terminated in accordance with the remaining terms of this Agreement.
i. Either party may terminate a Term Agreement, for any reason or for no reason, at the end of the current term or any Renewal Term by providing the other party with not less than ninety (90) days prior written notice of termination.
ii. Either party may terminate a Term Agreement if the other party has committed a material breach of this Agreement, and such breach is not cured within thirty (30) days of the date the party in breach receives written notice of the breach. If we terminate this Agreement under this Section 2. (b) (ii) you shall pay us liquidated damages equal to the sum of one hundred percent (100%) of the remaining minimum monthly fees that would have been incurred for the remainder of the Term of this Agreement plus all fees incurred prior to the date of termination of services, plus any damages incurred by us as a result of your material breach.
iii. Before the end of the any term or Renewal Term, and without your breaching this Agreement, you may terminate a Term Agreement with respect to all Services by written notification to us. The Agreement shall terminate thirty (30) days thereafter, at which time you shall pay us liquidated damages equal to the sum of one
iiii. The parties agree that, at the inception of the Agreement, it would be impossible to determine the damages suffered by Momentum for Customer’s early termination or breach and that the liquidated damages referred to in paragraphs 2.1 (b) ii and 2.1 (b) iii bear a reasonable relationship to the da...
Term Agreements. Some products/services are available under a term agreement (Term). The Term starts on the day of the last billed new Service, or product (if applicable) whichever is later, and billing for Service commences when each Service is activated, unless activation is delayed due to circumstances beyond the customer’s control— then the billing starts once the impediment to activation is removed; but in all events, billing will commence within six
Term Agreements. If you have a Term Agreement, the cancellation will be effective as of the date the Term Agreement expires. Because you are receiving a discounted price in exchange for the Term Agreement, in the event that you cancel the VoIP Services prior to expiration of Term Agreement, you understand and agree that you are not entitled to any refund or credit for the unused portions of the Term Agreement and that SBMCTV has the right to retain any prepaid monies as liquidated damages. Please be aware that certain promotional offers have a Term Agreement.
Term Agreements. If you enter into a Term Agreement for the VoIP Services and your account is past due, SBMCTV may, at its option, suspend your VoIP Services until payment is received, and/or terminate the Term Agreement. In the event that SBMCTV early terminates the Term Agreement as a result of your account being past due, you will be required to pay 100% of the monthly recurring fees for each month remaining in the Term Agreement.
Term Agreements. 1. The consumer may contract for indefinite and that extends to the regular delivery of regular delivery of products or services, at any time terminate taking into account the applicable termination rules and a notice of up to one month.
2. The consumer may contract for a definite period and that extends to the regular delivery of products or services at any time towards the end of that agreement with due accordance with the agreed termination rules and a notice period of up to one month. one month.
3. Agreements entered into for a definite period and which provide for the regular delivery of products or services, may be tacitly extended for an indefinite period of time and give the consumer the right consumer the right to terminate at any time after the initial period with a notice period of one month.
4. Agreements with a duration of more than one year, may be terminated by the consumer after one year at all
5. Contracts with a duration of more than one year may be terminated by the consumer after one year at any time with a notice period of one month, unless the reasonableness and fairness against termination before the end of the year. against termination before the end of the agreed duration.
Term Agreements. Term Agreements use a qualification-based selection procedure to pre-qualify consultants who can then be available to perform services as the need arises. The agreement uses Work Tasks to detail the work to be performed. (See Section 600, Term Agreements) Minor Agreement procedures are used for agreements where: • The cost of the service does not exceed $50,000 per firm, and • The services needed are in an area of expertise where no Term Agreement exists. Qualification-based selection procedures for professional services allow all interested parties an equitable opportunity to present their credentials for consideration. Selection of professional service firms must follow federal guidelines when the services involve federal funds. State-funded agreements generally follow the same procedures as federally funded agreements and must conform to state statutes and fiscal controls. An ITD-2760, Request for District or Consultant Services, must be completed and sent to Consultant Services to begin the process. The Division of Engineering Services procedures library contains SOPs for requesting District services and consultant services. The requesting party should also provide project information, an initial scope of work, and an estimated cost of the services. A current version of the ITD-2760 is available in the Form Finder. Approved funding may be identified by attaching a copy of an ITD-2101, Project Authorization and Agreement. The Consultant Services web site provides a link to the Idaho Transportation Investment Program (ITIP) and the Statewide Transportation Improvement Program (STIP). The program documents contain all currently scheduled highway projects. These documents are for informational purposes only and do not guarantee that all projects listed will require services. Consultant Services will post open solicitations with information, criteria and instructions on the web. Advertisements will also be made in local newspapers, in conformance with Idaho Code 67-2320. The consultant is responsible to review the website for service opportunities. The Consultant Services web address is: ▇▇▇▇://▇▇▇.▇▇▇.▇▇▇▇▇.▇▇▇/design/cau/cau.htm. SECTION 340.00 – CONSULTANT SELECTION METHODS Consultant selection is based on one of the following:
Term Agreements. The occupants of academic buildings may host one or more term agreements for common circumstances, such as research centers, dining operations, or private use. Such agreements should separately document specific terms such as start and end dates, accounting for space in the facilities inventory, costs and fees, etc. but should otherwise be consistent with and reference this Shared Building Agreement. Term agreements associated with this building include: [identify agreement partner, purpose, start and end date] Shared Building Agreements are recommended to be reviewed and updated every three years, unless the Building Management Committee agrees that the cycle should be shortened, typically due to a significant change in occupancy. This Shared Building Agreement was last reviewed in [month, year] and will be reviewed again in [month, year].
Term Agreements. 3.1.1 The licensee is granted, for a period of time limited to the term of the leasing agreement, the nonexclusive, nontransferable and non-sublicensable right to use the licensed products to the extent granted in the license certificate.
3.1.2 The licensee is not entitled to provide the copy of the licensed products that was supplied to them or any backup copy that may have been made to any third party. In particular, the licensee is not permitted to sell, lend, rent out or in any way sublicense the licensed products, or to publicly reproduce them or make them available.
Term Agreements. 5.1.1 The licenser guarantees to uphold the contractually agreed conditions for the licensed products during the term of the contract and also that the contractual use of the licensed products shall not conflict with the rights of third parties. The licenser shall remedy any material defects or defects of title that may be encountered with the licensed product within a reasonable period of time.
5.1.2 The licensee is obliged to inform the licenser immediately in writing about any defects they discover with the licensed products. In the case of material defects, this involves a description of the time that the defect appeared and the detailed circumstances.
Term Agreements used for services that can be performed by a pre-qualified consultant as the need arises. These agreements are for specific, well-defined and narrow-focused work and small projects. Accumulated work tasks associated with a term agreement shall not exceed $1,500,000 in the aggregate of the term period without ITD Board approval. A task cannot exceed a maximum amount of $500,000 per project and per consultant. (See Section 600, Term Agreements) Total tasks cannot exceed $1,500,000 per project. • Minor Agreements – are used for non-routine professional agreements for services that are in an area of expertise where no Term Agreement exists. These types of agreements allow a great deal of flexibility in solicitation and shall not exceed $50,000 per consultant. (See Section 700, Minor Agreements) Whenever consultant services are desired, an ITD-2760, Request for District or Consultant Services, should be completed and sent to the CAU prior to starting any consultant contact. A current version of the ITD-2760 is available from the ITD Form Finder. The following information, while not inclusive, must be included in the request for consultant.