Term Termination Expiry Clause Samples
The 'Term; Termination; Expiry' clause defines the duration of the agreement, the conditions under which it can be ended, and what happens when it naturally concludes. It typically specifies the start and end dates of the contract, outlines the procedures for early termination by either party (such as for breach or convenience), and may detail notice requirements or post-termination obligations. This clause ensures both parties understand how long their commitments last and under what circumstances the relationship can be ended, thereby providing certainty and managing the risk of unexpected or unclear contract endings.
Term Termination Expiry. Term of this Agreement
9.1 This Agreement will commence on the Effective Date and will continue in effect until terminated in accordance with Clause 9.3 or 9.4 below.
9.2 Arm will provide the Services to Customer for the relevant Subscription Term(s). Upon expiration of any Subscription Term, the parties may renew the relevant Services for successive periods of at least one (1) year each (each, a “Renewal Term”) at such rates as may be mutually agreed in writing between the parties.
Term Termination Expiry