TERM OF AGREEMENT AND RIGHT TO TERMINATE Sample Clauses

TERM OF AGREEMENT AND RIGHT TO TERMINATE. 1.1 Subject to the Owner’s right of termination contained in paragraph 1.2, this Contract is valid for a period of two (2) years beginning January 22, 2019 and ending January 21, 2021. This Contract shall terminate and expire at the end of such two-year period. This Contract, at the Owner’s discretion, may be extended for an additional one-year period, by Owner giving written notice to DB of Owner's intent to so extend within at least thirty (30) calendar days prior to the expiration of the two-year period. 1.2 This Contract may be terminated by the Owner, with or without cause, at any time, by Owner providing the DB with thirty (30) days’ notice of such termination in writing. Termination of this Contract by the Owner shall not terminate any contractual agreement Owner and DB may have with respect to a particular subproject or study activity which had previously been assigned to DB unless the notice of termination so provides. 1.3 This Contract represents the entire agreement between the Owner and the DB as to the scope of services contemplated by this Contract and supersedes all prior negotiations, representations or agreements. However, upon the Owner’s election to accept the DB’s proposal for an assigned subproject, or for a study activity, pursuant to Article 2, Owner and DB will enter into a subsequent contract, which will supersede this contract as to that particular subproject or study activity. If the Owner elects to reject the DB’s proposal for any particular subproject or study activity, the Owner may, at its sole discretion, assign the subproject or study activity to another design- build firm who has similarly contracted with the Owner pursuant to a non-exclusive continuing contract, or place the subproject for either competitive bidding pursuant to Florida Statute 287.057 or competitive selection pursuant to Florida Statute 287.055, 1013.45 and School Board Policy 7.71, as may be determined by Owner. 1.4 DB acknowledges and understands that as part of its services under this Contract, it may be required to have access to property owned by the Owner, which property may at various times during its services be occupied by students, teachers, parents and school administrators. Accordingly, in order to secure the property, and otherwise comply with applicable law, the DB agrees to the following provisions and also agrees that the failure to comply with any of these provisions may result in the termination of this Contract;