Common use of Efficacy Clause in Contracts

Efficacy. DURATION - CESSATION This contract is valid from to In case the event shall last longer, the present can be extended prior to written agreement among the parties. The event organizer shall communicate to the Agency the reasons for requesting the extension of the present contract. The Agency once assessed these reasons, can grant a time extension or can decide to resolve the present contract without any claim by the organizer. The Agency retains the right to terminate the contract for breach at any time, with the exception of the already completed activities, giving a notice of 30 (thirty) working days. This notice shall be communicated through registered letter.

Efficacy. DURATION - CESSATION This contract is valid from to <…….>to< > In case the event shall last longer, the present can be extended prior to written agreement among the parties. The event organizer shall communicate to the Agency the reasons for requesting the extension of the present contract. The Agency once assessed these reasons, can grant a time extension or can decide to resolve the present contract without any claim by the organizer. The Agency retains the right to terminate the contract for breach at any time, with the exception of the already completed activities, giving a notice of 30 (thirty) working days. This notice shall be communicated through registered letter.