Term Termination and Default. 14.1 The term of this AGREEMENT shall extend from the Effective Date set forth hereinabove to the full end of the term or terms for which PATENT RIGHTS have not expired and if only TECHNOLOGY RIGHTS are licensed and no PATENT RIGHTS are applicable, for a term of fifteen (15) years. Notwithstanding the above, upon the expiration, but not an earlier termination of this AGREEMENT, LICENSEE shall have a non-exclusive, fully paid-up right and license under the LICENSED SUBJECT MATTER to use and otherwise exploit the TECHNOLOGY RIGHTS.
Term Termination and Default. The term of this Agreement shall be three (3) years from its effective date unless earlier terminated pursuant to this Agreement. No later than twelve (12) months prior to the initial term or any renewal period of this Agreement, the parties shall reach an agreement on whether to extend the term of the Agreement for an additional one (1) year Proprietary to Lucent Technologies Inc./Nabnasset Corporation -18- 23 beyond the then scheduled expiration date. Failure by the parties to reach such agreement to extend the term or agreement by the parties not to extend the term shall mean that the Agreement shall expire on the expiration date then scheduled. Additionally, either party may terminate this Agreement if the other party is in default. A party to this Agreement is said to be in default if it commits a material breach or if it ceases normal operations or becomes insolvent. In no event shall either party terminate by reason of any such default unless written notice detailing such default is given to the other party. The other party shall thereafter have thirty (30) days after such written notice to correct such default; or, if said default cannot reasonably be corrected within said thirty (30) days, the other party shall begin substantial corrective action within said thirty (30) days and shall proceed promptly to correct said default. If such corrective action is not completed within sixty (60) days after such written notice, the party not in default may at its option terminate this Agreement. Upon expiration or termination of this Agreement for any reason, each party shall return and make no further use of the property, materials and other items (and all copies thereof) belonging to the other party and relating to this Agreement except for any and all such property, material and other items, including but not limited to Golden Masters, specifications, work-around lists, and Documentation, needed by the parties to perform those functions and duties that survive expiration or termination of this Agreement. If this Agreement expires or is terminated for any reason other than default by SUPPLIER, the licenses granted under this Agreement are terminated, except that:
Term Termination and Default. 12.1 Unless earlier terminated under Section 12.2, this Agreement is effective upon Polycom’s signature and shall remain in effect for one year. This agreement will be renewed annually unless terminated otherwise under this section.
Term Termination and Default. 9.1 The initial term of this Agreement shall be five (5) years commencing (“Initial Term”). Thereafter, this Agreement shall be automatically renewed for successive terms of five (5) years each unless canceled in writing by either party no less than one hundred and twenty (120) days prior to expiration.
Term Termination and Default. A.The term of this Agreement shall be for three (3) years commencing on the date hereof and shall renew automatically for successive one year periods unless the Project, Services, and/or Study has been completed or terminated by either party upon written notice. The parties may also terminate, as applicable, this Agreement and all relevant IPAs pursuant to the following conditions:
Term Termination and Default. 22.1 Subject to early termination as permitted under the Agreement or at law, the Agreement has a term commencing on the date it is last executed by SFU and Sponsor, and terminating six months following the Project End Date.
Term Termination and Default. 12.1 Unless earlier terminated under Section 12.2, this Agreement is effective upon Polycom’s signature and shall remain in effect until otherwise terminated.
Term Termination and Default. The Term of this Agreement shall be assigning original party of this Agreement. Any allowed assignment of this for twelve (12) months commencing on the Effective Date and as extended Agreement will be binding upon and inure to the benefit of the parties by the parties of this Agreement. The Agreement shall then automatically hereto and their respective heirs, successors and assigns. renew for successive one (1) year terms, unless one or both parties provide (f) No Waiver of Rights. A failure or delay in exercising any right, power, or notice of non-renewal as follows. If Subscriber does not wish to renew the privilege under this Agreement will not operate as a waiver, and a single or Agreement for an additional one (1) year term, it shall notify DIGICHIEF in partial exercise of any right, power, or privilege will not preclude any writing no less than ninety (90) days prior to the anniversary of the Effective subsequent or further exercise of that right, power, or privilege or the Date. After the expiration of the initial twelve (12) month period of the exercise of any other right, power, or privilege.
Term Termination and Default. A. The term of this Agreement shall be three (3) years from its effective date unless earlier terminated pursuant to this Agreement. LUCENT and SPANLINK may mutually agree in writing to extend such term for successive one (1) year periods. Additionally, either party may terminate this Agreement if the other party is in default. A party to this Agreement will be in default if it commits a material breach or if it ceases normal operations or becomes insolvent.
Term Termination and Default. 13.1 Unless earlier terminated under Section 13.2, this Agreement is effective upon PictureTel's signature and shall remain in effect until the expiration date of the last of the Licensed Patents.
