Common use of Term of Agreement; Renewal Clause in Contracts

Term of Agreement; Renewal. Subject to prior termination in accordance with this Agreement, the initial term of this Agreement shall commence on the Effective Date and shall remain in effect for one (1) year. Thereafter, the Society shall invoice Subscriber for the annual access fee and Subscriber may elect to renew the Agreement for additional one- year periods by paying the annual access fee when due. If Subscriber’s payment is not received by the Society within sixty (60) days after expiration of the applicable subscription term, the Society will discontinue Subscriber’s access to the Subscribed Products. The Society reserves the right to modify the applicable access fee and the terms of this Agreement for any renewal period.

Term of Agreement; Renewal. Subject to prior termination in accordance with this Agreement, the initial term of this Agreement shall commence on the Effective Date and shall remain in effect for one (1) year. Thereafter, the Society shall invoice Subscriber for the annual access fee and Subscriber may elect to renew the Agreement for additional one- one-year periods by paying the annual access fee when due. If Subscriber’s payment is not received by the Society within sixty (60) days after expiration of the applicable subscription term, the Society will discontinue Subscriber’s access to the Subscribed Products. The Society reserves the right to modify the applicable access fee and the terms of this Agreement for any renewal period.