DURATION, TERMINATION AND CONTINUATION Clause Samples
The 'Duration, Termination and Continuation' clause defines the period during which an agreement is in effect, the conditions under which it can be ended, and any provisions that remain active after termination. Typically, this clause specifies the start and end dates of the contract, outlines the process for either party to terminate the agreement—such as by providing written notice or upon the occurrence of certain events—and identifies which obligations, like confidentiality or indemnity, will survive beyond the contract’s end. Its core function is to provide clear guidelines on how and when the contractual relationship may be concluded or extended, thereby reducing uncertainty and managing the parties’ ongoing responsibilities.
DURATION, TERMINATION AND CONTINUATION. This Agreement shall be in effect from May 1, 2016 until April 30, 2019 and thereafter triennially unless written notice be given not less than sixty (60) days before expiry date (or its anniversary as the case may be) by the party desirous of change. On receipt of such written notice the parties to this Agreement shall convene a meeting within thirty (30) days or such time mutually agreed to and endeavour “to reach an agree- ment”.