TERM AND VARIATION OF THIS AGREEMENT. 8.1 This Agreement will remain in force for a period of 3 years from the date on which it is signed by both Parties. The Parties may agree in writing to extend the term of this Agreement on an annual basis for up to a maximum of two additional years.
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Samples: Cooperation Agreement, Cooperation Agreement, Cooperation Agreement
TERM AND VARIATION OF THIS AGREEMENT. 8.1 8.1. This Agreement will remain in force for a period of 3 5 years from the date on which it is signed by both Parties. The Parties may agree in writing to extend the term of this Agreement on an annual basis for up to a maximum of two additional years.
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Samples: Community Energy Cooperation Agreement, democracy.bathnes.gov.uk, Community Energy Cooperation Agreement