Common use of DURATION AND TERM Clause in Contracts

DURATION AND TERM. This Agreement shall, notwithstanding the date of signature hereof, be deemed to commence on the effective date, where after the Agreement shall continue for 12 months, subject to the right of either party to terminate this Agreement on giving not less than 3 (three) months prior written notice of termination. Such termination shall only be effected once policyholders have received the notice and disclosures required by legislation. The effective date is _ _ .

DURATION AND TERM. This Agreement shall, notwithstanding the date of signature hereof, be deemed to commence on the effective date, where after the Agreement shall continue 12 months for 12 monthseach consecutive period and be renewable each year, subject to the right of either party to terminate this Agreement on giving not less than 3 (three) months prior written notice of termination. Such termination shall only be effected once policyholders have received the notice and disclosures required by legislation. The effective date is _ _ / /20 .

DURATION AND TERM. This Agreement shall, notwithstanding the date of signature hereof, be deemed to commence on the effective date, where after the Agreement shall continue 12 months for 12 monthseach consecutive period and be renewable each year, subject to the right of either party to terminate this Agreement on giving not less than 3 (three) months prior written notice of termination. Such termination shall only be effected once policyholders have received the notice and disclosures required by legislation. The effective date is _ / /20_ .