PERPETUAL AGREEMENT Sample Clauses
A Perpetual Agreement clause establishes that the contract will remain in effect indefinitely, without a predetermined end date. In practice, this means the agreement continues until one of the parties takes action to terminate it, often requiring notice or meeting specific conditions outlined elsewhere in the contract. This clause is commonly used in ongoing service arrangements or licensing agreements where the parties wish to maintain a continuous relationship. Its core function is to provide stability and continuity, ensuring that the contractual obligations persist until a party decides to end the arrangement.
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PERPETUAL AGREEMENT. This rental agreement is perpetual and all agreements will be in force for any future rentals. The agreements of this rental agreement will cease once a new rental agreement is signed by both parties.
PERPETUAL AGREEMENT. Once Television Technology has paid VideoStar paid $8.75 million in total (either in one lump sum, or after paying $1.25 million per year for 7 years), the term of this Agreement shall be deemed perpetual.
PERPETUAL AGREEMENT. This agreement is valid for every school year the user returns unless specified by the school district at any time. The school district reserves the right to make changes/additions to this document to comply with school, federal and state required policy standards. The school district may require users to sign and agree with this policy at any time to continue the use of the wireless network provided by/through the school district.