TERM; PROGRESS REPORTING Clause Samples
The 'TERM; PROGRESS REPORTING' clause defines both the duration of the agreement and the requirements for regular updates on the status of work or deliverables. Typically, it specifies the start and end dates of the contract and outlines how and when the party responsible must provide progress reports, such as monthly written updates or milestone summaries. This clause ensures that both parties are aligned on the timeline and that the client or overseeing party remains informed about the project's advancement, thereby promoting transparency and accountability throughout the contract term.
TERM; PROGRESS REPORTING. 3.1. The term of this Agreement (the “Term”) commences on October 16, 2015 (the “Term Start Date”) and ends at midnight Los Angeles time on the day following the completion of twenty (20) Term Years from the Term Start Date (the “Term End Date”).
3.2. Producer may change the Term Start Date set forth in Section 3.1 by providing Notice to SCE at least thirty (30) days before such Term Start Date; provided, however, that the Term Start Date must occur within eighteen (18) months of CPUC Approval, subject to any extension of the Term Start Date as a result of Force Majeure as to which Producer is the Claiming Party (subject to Section 10.4).
3.2.1. Subject to any extensions made pursuant to this Section 3.2, the Term Start Date must be no later than eighteen (18) months from the date of CPUC Approval.