Common use of Term and Renewal Options Clause in Contracts

Term and Renewal Options. 1. The term of this Agreement shall commence on the effective date, unless termi- nated by the operation of law or by acts of the parties in accordance with the terms of this Agreement, will remain in effect for year(s) from that date. Licen- see may continue this Agreement for additional one-year periods by payment of the annual fee applicable at the time of each renewal, as provided in Part III of this Agreement.

Appears in 5 contracts

Samples: Membership Agreement and Software License Agreement, Membership Agreement and Software License Agreement, Membership Agreement and Software License Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.