Contract Period (P2) Clause Samples

Contract Period (P2). A. This contract shall become effective on (start date) and shall be completed by (end date), unless subsequent time extension, supplement, addition, continuation or renewal is mutually agreed upon in writing between the parties. B. This agreement may be terminated at any time upon the written mutual consent of the parties. C. SPONSOR may terminate this agreement for failure of the UNIVERSITY to perform any of the services, duties or conditions contained in this agreement after providing the UNIVERSITY written notice of the stated failure. The written notice must demand performance of the stated failure within a specified period of time of not less than 30 days. If the demanded performance is not completed within the specified period or some other period agreed upon by the parties, the termination is effective at the end of the specified period.