Automatic Renewal; Termination by the Company Clause Samples
The "Automatic Renewal; Termination by the Company" clause defines how a contract will automatically renew for additional terms unless one party, typically the company, provides notice of termination within a specified period before the current term ends. In practice, this means that if neither party takes action, the agreement continues seamlessly, but the company retains the right to end the contract by giving proper advance notice. This clause ensures continuity of service or obligations while also giving the company flexibility to end the relationship without waiting for the term to expire, thereby balancing ongoing business needs with the ability to adapt to changing circumstances.
Automatic Renewal; Termination by the Company. Unless this Agreement --------------------------------------------- is previously terminated by either party as provided in section 10 ---------- below, this Agreement will be automatically renewed for additional and consecutive one (1) year terms (each, a "Renewal Term") following the expiration of each Initial or Renewal Term, (each a "Term"), unless ------ either party gives written notice to the other party, no later than sixty (60) days prior to the expiration of the then pending Term, of its election not to automatically renew this Agreement for an --- additional year.