Term and Operation Date Sample Clauses

The 'Term and Operation Date' clause defines the duration of the agreement and specifies when the contract becomes effective. It typically outlines the start date—often called the "operation date"—and may detail how long the agreement will remain in force, such as a fixed period or until certain conditions are met. This clause ensures both parties are clear on when their obligations begin and end, thereby preventing disputes over the timing and validity of the contract.