1Term Clause Samples
The 'Term' clause defines the duration for which an agreement or contract remains in effect. It typically specifies the start date and end date of the contractual relationship, or outlines conditions under which the agreement will automatically renew or terminate. By clearly establishing the timeframe of the parties' obligations, this clause ensures both sides understand when their rights and responsibilities begin and end, thereby preventing disputes over the contract's validity period.
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1Term. This Agreement will commence upon the Effective Date and will continue for the term of the Services Agreement unless this Agreement is terminated earlier in accordance with the terms of this Agreement.
1Term. The term of this Agreement will be ten (10) years from the Effective Date (as such term may be extended pursuant to Section 4.2, the “Term”).
1Term. This Agreement is effective as of the Effective Date and shall remain in full force for the Term (as defined in Exhibit A attached hereto, unless terminated earlier pursuant to the terms herein. The Agreement may be terminated by either party for any reason by delivery of a prior written notice to the other party in the number of days set forth in Exhibit A (the “Notice Period”). During the Notice Period, the Company will have the sole and absolute discretion to decide whether or not the Consultant shall provide the Services.
1Term. During the term of this Agreement, and for a period of three (3) years after the expiration or termination of this Agreement, except as otherwise provided in this Article 22, each Party shall hold in confidence and shall not disclose to any person Confidential Information.
1Term. The term of this Agreement is perpetual. 4.
1Term. Unless sooner terminated pursuant to other provisions hereof, the Company agrees to employ Executive for the period beginning on the Effective Date and ending on the second anniversary of the Effective Date (the “Initial Expiration Date”); provided, however, that beginning on the Initial Expiration Date, and on each anniversary of the Initial Expiration Date thereafter, if Executive’s employment under this Agreement has not been terminated pursuant to Sections 3.2 or 3.3, then said term of employment shall automatically be extended for an additional one-year period unless on or before the date that is 60 days prior to the first day of any such extension period either party gives written notice to the other that no such automatic extension shall occur, in which case the term of employment shall terminate as of the Initial Expiration Date or the anniversary of the Initial Expiration Date immediately following the giving of such notice, as applicable.
1Term. The term of this Agreement will begin on the Effective Date and will expire upon expiration of the last remaining Royalty Term, unless earlier terminated in accordance with the termination provisions (the “Term”). On a Licensed Product-by-Licensed Product and country-by-country basis, upon expiration of the applicable Royalty Term, Licensee will have a fully paid-up perpetual license to Licensed Know-How for such Licensed Product in such country (“country” shall also be deemed to refer to territories).
1Term. The Commencement Date, Expiration Date and Original Term of this Lease are as specified in Paragraph 1.3.
1Term. The initial term of this Agreement begins upon the Effective Date and shall continue for three (3) years, subject to prior termination rights as provided below. At the end of such initial term, this Agreement shall automatically renew for additional one (1) year terms, unless either Party notifies the other, at least sixty (60) days prior to the end of the then-current term, that it wishes to terminate the Agreement. The initial term and all renewal terms are referred to herein as the “Term.”
1Term. This Agreement will become effective as of the Effective Date, and will remain in effect until terminated as provided herein.