Minimum Term, Termination Clause Samples
The "Minimum Term, Termination" clause establishes the required minimum duration that a contract must remain in effect before either party can terminate it. Typically, this means that neither party is allowed to end the agreement for convenience until the specified minimum term has elapsed, though termination for cause (such as breach) may still be permitted. This clause ensures stability and predictability in the contractual relationship by preventing premature termination, thereby protecting both parties' investments and expectations during the agreed-upon period.
Minimum Term, Termination. 4.6.1 The operation engineering contract term is specified in the service description or Agreement. Unless otherwise agreed, the term starts with the delivery of EXASuite.
4.6.2 If the operation engineering contract is concluded for an indefinite period, it can be terminated - however not before the end of a minimum term agreed between the parties - by giving written notice within three months to the end of a month.
4.6.3 The right of both parties to terminate for cause remains unaffected.
Minimum Term, Termination. 3.4.1 EXASOL will provide maintenance and services for the Software during the Term. The Initial Term shall commence on delivery of the access data for the Cloud system. Unless a minimum term is stipulated in the Agreement or service description, the Initial Term shall continue for one period (as stated in the service description in the Annex).
3.4.2 Thereafter, the term of this Agreement shall automatically renew for an additional Period as stated in the Annexes unless notice of termination is given to the other Party at least one (1) month prior to the expiration of the then-current Term.
3.4.3 The right of both parties to terminate for cause remains unaffected.
3.4.4 Any termination notice must be in writing in order to be effective.