Common use of Fixed Term Subscriptions Clause in Contracts

Fixed Term Subscriptions. Fixed Term Subscriptions are sold for a term of 12 months commencing on the date of the first invoice issued to the Customer for the relevant Fixed Term Subscription. Unless otherwise specified in the Agreement or terminated as provided in this clause 7 each Fixed Term Subscription shall continue for a period of 12 calendar months (“Fixed Term”). Unless otherwise agreed between the Parties in writing or terminated as provided in this clause 7, Fixed Term Subscriptions will automatically renew at the end of the relevant Fixed Term for a period of 12 months (“Renewal Term”). Either party may give written notice to the other party, not less than ninety (90) days before the expiry of the Fixed Term or the relevant Renewal Term, to terminate this Agreement at the end of the Fixed Term or the relevant Renewal Term, as the case may be. Pricing for a Renewal Term will be bluesource’s pricing in effect as of the commencement of the Renewal Term.