Common use of Annual Subscription Clause in Contracts

Annual Subscription. This Agreement will last through the end of the calendar year in which the subscription first becomes effective. This Agreement is signed and will remain in effect thereafter for successive calendar years so long as annual subscription fees are paid. Either party may terminate this Agreement, effective on the next renewal date, by at least 30 days’ written notice to the other party. The annual fee for this subscription may be raised by written notice to the subscriber, given at least three months prior to the next succeeding renewal date. The fee for each year this Agreement is renewed must be paid on or before the renewal date or the renewal will be invalid. The subscriber will maintain perpetual access to the years subscribed to on the AMS website in perpetuity at no additional cost.

Appears in 2 contracts

Sources: Ebooks License Agreement, Ebooks License Agreement