Common use of THE DURATION OF THE CONTRACT Clause in Contracts

THE DURATION OF THE CONTRACT. 5.1. This Contract comes into force from the moment of its signing by both Sides and acts till December, 31, 20 inclusively. 5.2. This Contract represents a final agreement between the Sides and after its signing all previous negotiations on it, correspondence, the previous agreements on intentions on questions which anyhow concern this Contract, lose a legal force. Any parol agreements concerning this Contract subject are eliminated. 5.3. In case of a temporal suspension of provision of services in the initiative of the CUSTOMER, this Contract action proceeds from the moment of renewal of provision of services in the initiative of the CUSTOMER before the termination of period of its action. 5.4. The sides can initiate Contract cancelation at own will, having notified about it the second Side in written or electronic (e-mail) a type, in flow of 30 (thirty) days to a desirable cancellation date of the Contract. 5.5. This Contract can be terminated ahead of schedule at the initiative of one of the Sides at failure to carry out by other Side of the obligations under this Contract with mandatory written or electronic (e-mail) the notification of the second Side of causal factors of its preschedule termination.