Common use of Term; Cancellation Clause in Contracts

Term; Cancellation. Unless otherwise specified in a Service Contract, the term of this Agreement shall begin on the date of Customer’s acceptance and shall continue for a period of one year. The Agreement shall automatically renew for additional one year terms unless (i) Customer opts out of the automatic renewal option on the date it enters into a Service Contract with Customer or (ii) Customer provides written notice of termination at least 90 days’ in advance of renewal. Hobart or Customer may terminate this Agreement at any time with thirty (30) days prior written notice to the other party; provided that if the Customer terminates under this sentence, Customer shall remain obligated to pay the full value of the Agreement. If a Fixed Call Service Contract is terminated or upgraded by Customer prior to the usage of all Fixed Calls, Customer shall be invoiced and shall pay for the remaining unused Calls. In the event this Agreement automatically renews, Hobart may increase prices and Hobart Rates in its sole discretion.

Appears in 5 contracts

Samples: Service Agreement, Service Products Agreement, Service Contract

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