Common use of EFFECTIVE TERM AND TERMINATION Clause in Contracts

EFFECTIVE TERM AND TERMINATION. 10.1. This Agreement shall commence on the date of signing and shall continue to be effective until termination in accordance to this Agreement or applicable laws. 10.2. Without affecting any other right or remedy available to it the Client may terminate this Agreement immediately by providing written notice to the Provider if the Provider fails to provide Services as described in this Agreement or its Annexes; or if the Provider would commit a material breach of any provisions of this Agreement. 10.3. The Client may terminate this Agreement for whatever reason by providing a written notice to the Provider at least 5 Business Days prior termination. 10.4. The Provider may terminate this Agreement for whatever reason by providing a written notice to the Client at least 1 month prior termination. 10.5. On termination of this Agreement for whatever reason: (a) The Client shall pay to the Provider only for the factually provided Services that the Provider has provided until the date when the Client has provided a notice regarding termination. The factually provided Services value shall be calculated by applying an hourly rate (Specified in Clause 5.2. of this Agreement) and multiplying from the number of worked hours. (b) termination of the Agreement shall not affect any the Client’s rights and remedies that have accrued as at termination, including the right to claim damages in respect of any breach of this Agreement which existed at or before the date of termination; and (c) any provision of the Agreement that expressly or by implication is intended to come into or continue in force on or after termination shall remain in full force and effect.