Duration and revision Clause Samples

Duration and revision. 1. This Agreement is concluded for an initial period of 20 years, [commencing on …2021]. Three years prior to the end of that initial period, the Parties shall enter into a dialogue with a view to re-examining the provisions that shall subsequently govern their relations. This Agreement shall be tacitly extended for a single period of 5 years unless a decision terminating or extending it is agreed upon by all Parties before the end of the initial period of 20 years. 2. The Parties may submit proposals for amendments to this Agreement to the OACPS-EU Council of Ministers no later than 6 months prior to the meeting of the OACPS-EU Council of Ministers. Any amendments shall be approved by the OACPS-EU Council of Ministers and be subject to the procedures laid down for the entry into force and provisional application of this Agreement. 3. Within 6 months of the expiry of the 2030 Agenda for Sustainable Development, the Parties shall enter into negotiations with a view to reviewing and revising the strategic priorities of this Agreement, including the Africa Protocol, the Caribbean Protocol and the Pacific Protocol, and to introducing any other necessary amendments. The amended Agreement shall enter into force in accordance with the procedures laid down for the entry into force and provisional application of this Agreement. 4. The Parties may submit proposals for amendments to the annexes to this Agreement to the OACPS-EU Council of Ministers no later than 6 months prior to the meeting of the OACPS-EU Council of Ministers. Any amendments shall be approved by the OACPS-EU Council of Ministers. 5. Any proposal for amendment to the Regional Protocols shall be submitted by the respective Parties to the respective Regional Council of Ministers and to the OACPS-EU Council of Ministers no later than 120 days prior to the meeting of their respective Regional Council of Ministers. Any amendments shall be adopted by the respective Regional Council of Ministers and immediately notified to the OACPS-EU Council of Ministers, which may give its consent within 120 days of the notification date, including through written procedure or delegation of power to the ALSOC. The OACPS-EU Council of Ministers may refuse to give its consent for an amendment deemed not consistent with this Agreement, and shall notify the relevant Regional Council of Ministers of the reasons for its refusal. The absence of a refusal of consent within 120 days from the date of notification is deemed to con...