Common use of TERM OF LICENSE AGREEMENT Clause in Contracts

TERM OF LICENSE AGREEMENT. a) The term of this License Agreement shall be for a period of one (1) year from the Effective Date; provided however, that either party shall have the right to terminate this License Agreement with cause upon thirty (30) days’ prior written notice. b) Upon the termination of the current term of this License Agreement, this License Agreement will automatically extend for another one (1) year term, subject to licensed Implementations being fully compliant with the then- current relevant specification, unless terminated by either party at least thirty (30) days prior to the expiration of the then-current term. c) From and after termination of this License Agreement, COMPANY shall cease and desist from all use of the Marks. However, unless this License Agreement is terminated for breach in connection with more than a single Implementation, COMPANY may distribute then-existing inventory of complying Implementations and advertising materials containing the Marks until all such inventory is exhausted, provided use of the Marks in connection with such inventory and such inventory is in compliance with the terms and conditions of this License Agreement.

TERM OF LICENSE AGREEMENT. a) The term of this License Agreement shall be for a period of one (1) year from the Effective Date; provided however, that either party shall have the right to terminate this License Agreement with cause upon thirty (30) days’ prior written notice. b) Upon the termination Within sixty (60) days of the current term expiration of this License Agreement, this License Agreement will automatically extend for another one (1) year term, subject to and upon licensed Implementations being fully compliant with the then- then-­‐‑ current relevant specification, unless terminated the license right set forth herein may be renewed in COMPANY’s discretion for an additional term by either party at least thirty (30) days prior to the expiration execution of the then-current terma subsequent version of this License Agreement. c) From and after termination of this License Agreement, COMPANY shall cease and desist from all use of the Marks. However, unless this License Agreement is terminated for breach in connection with more than a single Implementation, COMPANY may distribute then-existing inventory then-­‐‑existing units of complying Implementations Implementations, and advertising materials containing the Marks until all such inventory is exhausted, for a period of six (6) months from the termination date provided use of the Marks in connection with such inventory and such inventory is in compliance with the terms and conditions of this License Agreement.

TERM OF LICENSE AGREEMENT. a) The term of this License Agreement shall be for a period of one (1) year from the Effective Date; provided however, that either party shall have the right to terminate this License Agreement with cause upon thirty (30) days’ prior written notice. b) Upon the termination Within sixty (60) days of the current term expiration of this License Agreement, this License Agreement will automatically extend for another one (1) year term, subject to and upon licensed Implementations being fully compliant with the then- current relevant specification, unless terminated the license right set forth herein may be renewed in COMPANY’s discretion for an additional term by either party at least thirty (30) days prior to the expiration execution of the then-current terma subsequent version of this License Agreement. c) From and after termination of this License Agreement, COMPANY shall cease and desist from all use of the Marks. However, unless this License Agreement is terminated for breach in connection with more than a single Implementation, COMPANY may distribute then-existing inventory units of complying Implementations Implementations, and advertising materials containing the Marks until all such inventory is exhausted, for a period of six (6) months from the termination date provided use of the Marks in connection with such inventory and such inventory is in compliance with the terms and conditions of this License Agreement.