FRAMEWORK TERM Sample Clauses
The Framework Term clause establishes the overall duration during which the agreement or framework contract remains in effect. Typically, it specifies a start date and an end date, or outlines conditions under which the term may be extended or renewed. This clause ensures that both parties are clear about the period during which their rights and obligations under the agreement apply, thereby preventing misunderstandings about when the contract is active or when it may expire.
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FRAMEWORK TERM. 1.3.1 The Framework Agreement shall be established for a term of four (4) years unless it is otherwise terminated in accordance with the provisions of this Framework Agreement.
FRAMEWORK TERM. From and including the date at 1.3 above (Appointment starts at) to and including the date at 1.4 above (Appointment ends at).
FRAMEWORK TERM. 2.2.1 The Framework Agreement shall take effect on the Effective Date9. This Framework Agreement shall be established for a term of two (2) years with the option, at the sole discretion of the LGOPC, to extend the term of this Framework Agreement for two (2) further periods of one (1) year each unless it is otherwise terminated in accordance with the provisions of this Framework Agreement.
FRAMEWORK TERM. 1.3.1 This Framework Agreement shall take effect on receipt by the LGOPC of a valid acceptance by the Tenderer of the terms of this Framework Agreement in the manner set out at Paragraph E of the Recitals herein.
1.3.2 This Framework Agreement shall be established for a term of two years from the Effective Date with the option, at the sole discretion of the LGOPC, to extend the term for two further periods of one year each unless it is otherwise terminated in accordance with the provisions of this Framework Agreement.
1.3.3 The extension of the term shall not necessitate the re-execution or re-affirmation of this Framework Agreement by the Economic Operator which terms shall continue in force for the duration of the extended term.