Common use of Term and Renewal Terms Clause in Contracts

Term and Renewal Terms. 11.1.1 The Agreement is valid for the Initial Term stated on the first page of the main document of the Agreement. The Agreement will be automatically renewed for consecutive twelve (12) months Renewal Terms unless terminated in writing by either party not less than three (3) months prior to the end of the Initial Term or Renewal Term. 11.1.2 Termination of the Agreement will not affect ongoing Orders, as such will terminate in accordance with the terms of such Order unless stipulated otherwise below. Any terms and conditions set out in the Agreement that are applicable to such Order shall however, remain in full force and effect for the duration of the Order.

Appears in 4 contracts

Samples: Software Subscription Agreement, Software Subscription Agreement, Software Subscription Agreement

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