Common use of Holdover Term Clause in Contracts

Holdover Term. This License shall renew on a year to year basis if neither party provides the other with notice of termination no less than ninety (90) days prior to the expiration of the last Renewal Term. Either party may terminate this License during each such annual renewal period by providing the other with notice of termination no less than thirty (30) days prior to the end of each such annual renewal period.