Term; Initial Term; Renewals Clause Samples
The 'Term; Initial Term; Renewals' clause defines the duration of the agreement, specifying when it begins, how long it initially lasts, and the conditions under which it may be extended. Typically, this clause will state a fixed initial period (such as one year) and outline whether the contract automatically renews for additional periods or requires explicit action by one or both parties to continue. Its core practical function is to provide clarity and predictability regarding the contract's lifespan, helping both parties plan for renewals or termination and avoid unintended lapses or extensions.
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Term; Initial Term; Renewals. This Agreement shall become effective as of the Effective Date and remain in full force and effect until June 1, 2009, (the ''Initial Term''). Upon the expiration of the Initial Term, this Agreement will automatically renew for one additional term of three years (''Renewal Term'') unless and until either party notifies the other party in writing of its intent to terminate at least 90 days prior to the expiration of the Initial Term or 90 days prior to the expiration of a Renewal Term. The Initial Term, together with any and all Renewal Terms, is sometimes collectively referred to as the ''Term.''
Term; Initial Term; Renewals. This Agreement shall become effective as of the Effective Date and remain in full force and effect for a period of six (6) months. , (the ''Initial Term''). At any time pior to the expiration of the Initial Term, this Agreement may be renewed by The Association for a one year additional term (''Renewal Term''). The Initial Term, together with any and all Renewal Terms, is sometimes collectively referred to as the ''Term.''
Term; Initial Term; Renewals. This Agreement shall become effective as of the Effective Date and remain in full force and effect through April 1, 2001, unless earlier terminated in accordance with this Agreement. Upon the expiration of such initial term, this Agreement may be renewed upon mutual agreement. The initial term, together with any renewal period, is collectively referred to as the "Term."
Term; Initial Term; Renewals. This Agreement shall become effective as of the Effective Date and remain in full force and effect through April 1, 2001, unless earlier terminated in accordance with this Agreement. Upon the expiration of such initial term, this Agreement may be renewed upon mutual agreement. The initial term, together with any renewal period, is collectively referred to as the "Term." Akamai/Apple Proprietary and Confidential
Term; Initial Term; Renewals. This Business Account Agreement becomes effective as of the Effective Date and, unless earlier terminated as provided herein, remain in full force and effect on a month by month arrangement until either party notifies the other party in writing of its intent to terminate, in which case the Business Account Agreement will terminate at the end of calendar the month following the calendar month in which written notice is served to the other party. Termination for Cause BePrepared may terminate this Business Account Agreement for any reason by giving 90 days prior written notice to Business User. Either party may, by written notice to the other party, terminate this Business Account Agreement and declare all sums due and to become due hereunder immediately payable if any of the following events occur: (i) the non-terminating party is in breach of this Business Account Agreement, which breach, if capable of being cured, is not cured within thirty (30) days, or, in the case of non-payment by Business User, five (5) days, after the terminating party gives the other party written notice of such breach; or (ii) the non-terminating party terminates its business activities or becomes insolvent, admits in writing its inability to pay its debts as they mature, makes an assignment for the benefit of creditors, or becomes subject to direct control of a trustee, receiver or similar authority. Termination will become effective immediately or on the date set forth in the written notice of termination and shall be in addition to any other rights available to the terminating party under law or equity. The terminating party’s remedies shall be cumulative and there shall be no obligation to exercise a particular remedy.
Term; Initial Term; Renewals. This Agreement shall become effective as of the Effective Date and remain in full force and effect for the initial term specified in the FREEFLOW(SM) ORDER FORM (the "Initial Term"). Upon the expiration of the Initial Term, this Agreement will automatically renew for one or more additional terms of one (1) year (each, a "Renewal Term") unless and until either party notifies the other party of its intent to terminate at least (90) days prior to the expiration of the Initial Term or a Renewal Term. The Initial Term, together with any and all Renewal Terms, is sometimes collectively referred to as the "Term."