Common use of TERM AND REVIEW Clause in Contracts

TERM AND REVIEW. 4.1 This Agreement shall become effective on the date first set forth above and shall continue for an initial period of two (2) years. This Agreement shall automatically renew thereafter from year to year, unless and until terminated by either party, in its discretion, by at least thirty (30) days' prior written notice to the other party. In addition, Phoenix reserves the right to terminate this Agreement at any time on at least thirty (30) days' prior written notice if the Marketing Agent defaults on its obligations, incurs a conflict of interest of significant impact, or fails to devote reasonable effort to the license of the Software to End Users.

TERM AND REVIEW. 4.1 This Agreement shall become effective on the date first set forth above and shall continue for an initial period of two three (23) years. This Agreement shall automatically renew thereafter from year to year, unless and until terminated by either party, in its discretion, by at least thirty (30) days' prior written notice to the other party. In addition, Phoenix reserves the right to terminate this Agreement at any time on at least thirty (30) days' prior written notice if the Marketing Agent defaults on its obligations, incurs a conflict of interest of significant impact, or fails to devote reasonable effort to the license of the Software to End Users.