Common use of PERIOD AND TERMINATION Clause in Contracts

PERIOD AND TERMINATION. 12.1. The license and the product subscription shall apply for a period of one (1) or twelve (12) months and shall be invoiced in advance. The period shall automatically be extended by a new period of one (1) or twelve (12) months. 12.2. The Licensee may cancel the product subscription at one (1) month’s prior written notice at the expiry of a period or no later than the 10th of the month, and the subscription will expire at the end of the relevant period. 12.3. ▇▇▇▇▇▇▇ A/S may always terminate the License Terms with two (2) months’ notice. 12.4. However, regardless of the provisions of Section 12.3, ▇▇▇▇▇▇▇ A/S is entitled to terminate the product subscription with 6 months' notice if ▇▇▇▇▇▇▇ A/S stops developing and offering updates.