Common use of Framework Agreement term Clause in Contracts

Framework Agreement term. 2.1 This Agreement shall come into force on the Effective Date and shall continue in force for an initial period of two (2) years (“Initial Term”) at which point it will be renewed automatically for successive periods of twenty-four (24) months (each 24 month period a “Renewal Period”). 2.2 Either party may terminate the Agreement prior to the expiry of the Initial Term or any Renewal Period in accordance with its terms, or by operation of law. 2.3 Each Statement of Work shall come into force on the relevant Services Commencement Date and shall continue in force for the SOW Term specified in such Statement of Work unless and until terminated in accordance with its terms.