Quarterly Term Clause Samples
The Quarterly Term clause defines a contract duration that renews or is reviewed every three months. Typically, this means that the agreement is set for a three-month period, after which it may automatically renew, terminate, or be renegotiated depending on the parties' actions or notice requirements. This structure provides regular opportunities for both parties to assess performance, make adjustments, or exit the agreement, thereby offering flexibility and reducing long-term commitment risks.
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Quarterly Term. If, on the WSA Form, the Customer has selected a “Quarterly Term” option, then with respect to such option(s): (i) the Initial Term of this Agreement shall be three calendar months, commencing on the Effective Date, (ii) the Customer shall pay to the Company the applicable Quarterly Storage Charge(s) (as set forth in the WSA Form) owed in full upon execution of this Agreement. So long as the Customer’s Wine is still held on the first day after the Initial Term or any subsequent Renewal Term, this Agreement shall automatically renew for an additional Renewal Term of three-calendar months on these Terms and Conditions. The applicable Quarterly Storage Charge(s) shall be adjusted to the Company’s then-current applicable Quarterly Storage Charge(s) for new customers.
Quarterly Term coverage begins on the Effective Date and continues for two (2) months thereafter. In the event You elect to renew Your quarterly Term, coverage will include three (3) months. NOTICE: Your quarterly Agreement fee is subject to change. In the event of change, You will receive written notice at Your current address in Our file (email or physical address as necessary) at least sixty (60) days prior to implementation. You then have the option to either: (a) pay the new quarterly amount when due and have coverage continue; or (b) cancel Your coverage by notifying us as outlined in the “XIV. CANCELLATION…” provision of this Agreement.
Quarterly Term. If you terminate a Subscription to Proplanner Software Services after the date on which the Subscription became effective or was renewed, no refunds will be provided, and you must pay for the remainder of the Term, and no refunds will be provided.