Valid Term. The valid term of the contract is one year, starting from August 2, 2010 to August 1, 2010. (the copy bears the same legal effect with the original.)
Valid Term. 8.1 Both parties acknowledge that this Contract constitutes the entire agreement of both Parties with respect to license of Patent and the Technology, and replaces all prior agreements, contracts, memorandums, documents and discussion with respect to the license of the Patent and the Technology. The Patent Technology Use Right Transfer Agreement signed by both parties as of October 1, 2008, shall be terminated on the effective date of this Contract.
8.2 This Contract shall be effective upon the execution by the Licensor and the Licensee. The license under this Contract can be traced back to the date of initiative use by Licensee. The term of this Contract shall terminate on the earliest of the following:
(1) expiration of the Patent;
(2) the Patent is terminated before expiration; or
(3) bankruptcy of the Licensee, or Licensee is subject to a winding up or dissolution.
Valid Term. 9.1 This Agreement shall take effect upon execution, and shall remain valid until September 30, 2004.
9.2 Upon mutual consent, this Agreement shall be automatically renewed for another year. Either party may notify the other party for termination thereof in writing one (1) month prior to the expiration of the valid term.
9.3 In case the parties agree to terminate this Agreement during the valid term, this Agreement shall automatically become void.
9.4 In case this Agreement fails performance due to force majeure, this Agreement shall be automatically terminated after the parties settled any existing payment.
9.5 In case either party fails to perform this Agreement for predictable reasons, the affected party shall notify the other party thereabout within five (5) working days after the realization of the reasons, and help the other party with any existing issue. In case the other party suffers any loss due to the failure of the affected party to promptly notify the other party, the affected party shall indemnify the other party for such loss.
Valid Term. The present agreement (“this Agreement”) shall come into force from the signing date and shall not be terminated until 1) all the projects under this agreement are finished and 2) Party B receives the last payment from Party A. During the term of this Agreement, neither party has the right to early terminate this agreement. During the term of this Agreement, if either Party’s business operation term expires or is otherwise discontinued, this Agreement shall be early terminated at the time when the business term expires or terminates. If either party breaches this agreement during the valid term, the other party shall have the right to early terminate this Agreement and shall reserve the right to pursue the legal liability of the other party.
Valid Term. The valid term of this Agreement is stated in the Application Form and theApplication Receipt.
Valid Term. The Parties to Amendment No. 2 agree to modify Section 14.01 of the Agreement, which shall read as follows:
Valid Term. This Agreement shall come into force on the Date of Execution and will remain valid first (I) for the Ship or Pay Term, under the "ship or pay" modality with respect to the Shipper Contracted Capacity, and subject to availability and for the Barrels effectively transported with respect to the Conditioned Capacity and then (ii) for the Ship and Pay Term under the "ship and pay" modality, for up to the Shipper Contracted Capacity, and subject to availability and for the Barrels effectively transported with respect to the Conditioned Capacity, for which the Parties shall agree on the applicable terms and conditions, including, but without limitation, the demand or not of the Warranty; unless it is terminated pursuant to Section 14.02.
Valid Term. This Agreement shall be valid from the date of execution hereof through [Date]. [Other commercial terms to be added as needed]
Valid Term. The representations and warranties made by each Party under Article 4 shall remain valid after Closing Date and shall not be affected or restricted by the due diligence conducted by other Parties or any information becoming known to other Parties.
