Common use of Term & Termination of the Agreement Clause in Contracts

Term & Termination of the Agreement. 3.1 The Agreement will be effective from the date on which the Client agrees to the Budget Proposal in writing and shall remain in force throughout the term of the obligations specified in the Agreement. 3.2 Bilendi may terminate the Agreement at any time, without notice and with immediate effect, in the event that it observes a serious breach or repeated breaches of the contractual obligations by the Client and if the breach cannot be remedied, regardless of its nature, or no corrective measure has been taken within a period of five (5) business days following receipt by the Client of a letter of notice specifying the nature of the breach and requesting that it be remedied, notwithstanding any damages and interest that may be demanded from the Client. 3.3 Subject to Clauses 4.2 and 4.3, each Party may terminate the Agreement at any time and with immediate effect, in the form of written notice sent to the other Party by registered letter in exchange for a notice period of at least five (5) business days. 3.4 Clauses 6 to 17 of these general terms and conditions of service shall remain in force when the Agreement expires or is terminated and shall remain effective throughout the term provided for in Clauses 6 to 17 or otherwise throughout the period of the applicable legal requirements.