Common use of TERM OF AGREEMENT AND RIGHT TO TERMINATE Clause in Contracts

TERM OF AGREEMENT AND RIGHT TO TERMINATE. 1.1 Subject to the Owner’s right of termination contained in paragraph 1.2, this Contract is valid for a period of two (2) years beginning January 22, 2019 and ending January 21, 2021. This Contract shall terminate and expire at the end of such two-year period. This Contract, at the Owner’s discretion, may be extended for an additional one-year period, by Owner giving written notice to DB of Owner's intent to so extend within at least thirty (30) calendar days prior to the expiration of the two-year period.

TERM OF AGREEMENT AND RIGHT TO TERMINATE. 1.1 Subject to the Owner’s right of termination contained in paragraph 1.2, this Contract is valid for a period of two (2) years beginning January 22, 2019 and ending January 21, 2021. This Contract shall terminate and expire at the end of such two-year period. This Contract, at the Owner’s discretion, may be extended for an additional one-year period, by Owner giving written notice to DB of Owner's intent to so extend within at least thirty (30) calendar days prior to the expiration of the two-year period.