Common use of Effective Term Clause in Contracts

Effective Term. This Agreement shall be effective on the date first above written and shall continue in effect for One Year, unless extended or cancelled upon mutual agreement of the parties.

Effective Term. This Agreement shall be effective on the date first above written and shall continue in effect for One Yearone year, and shall be automatically extended for successive one year terms unless extended or cancelled upon mutual agreement either party provides written notice to the other party of its intent to terminate this Agreement at least sixty (60) days prior to the partiesend of any such term.