Common use of Effect and Termination Clause in Contracts

Effect and Termination. 1. This MMoU comes into effect on the date it has been signed by all Authorities and has effect until terminated by any one of the Authorities. The remaining Authorities may agree to maintain the MMoU by separate confirmation through an exchange of letters. 2. Each Authority may terminate this MMoU at any time by giving thirty (30) calendar days prior written notice to the other Authorities. If the MMoU is terminated by an Authority, steps are taken to ensure that the termination does not affect any prior obligation, project or activity already in progress. 3. Termination of this MMoU does not affect obligations under this MMoU relating to confidentiality of information, which continue to have effect, nor does it affect obligations regarding cooperation and exchange of information between the Authorities under applicable laws.