Common use of Initial Term; Renewal Term Clause in Contracts

Initial Term; Renewal Term. This Agreement will commence on the Effective Date and will continue for one (1) year, unless earlier terminated in accordance with the terms of this Agreement (the “Initial Term”). After the Initial Term, this Agreement will automatically renew for successive one-year periods (each a “Renewal Term”), unless either party notifies the other of its intention not to renew at least sixty (60) days prior to the expiration of the then-current Term. “Term” means the Initial Term and any Renewal Term.

Initial Term; Renewal Term. This Agreement will commence on the Effective Date set forth above the parties’ signatures and will continue in full force and effect for a period of one (1) year, unless earlier terminated in accordance with the terms of this Agreement year (the “Initial Term”), unless otherwise terminated as provided herein. After the Initial Term, this This Agreement will automatically renew for successive consecutive one-year periods terms thereafter (each a “Renewal TermTerms”), ) unless either party notifies the other party of its intention election not to renew the terms of this Agreement at least sixty (60) thirty days prior to the expiration of the then-current Term. “Term” means the Initial Term and or any Renewal Term.