Common use of Term; Suspension; Termination Clause in Contracts

Term; Suspension; Termination. 12.1 This Agreement shall commence on the Effective Date and shall continue as follows, unless terminated earlier in accordance with this clause 12: for Clients: this Agreement shall continue for the Initial Term and shall automatically extend for a further 12- month period (“Renewal Term”) at the end of the Initial Term and at the end of each Renewal Term. Either party may give written notice to the other party, not later than 30 days before the end of the Initial Term or the relevant Renewal Term, to terminate this Agreement at the end of the Initial Term or the relevant Renewal Term, as the case may be; for Suppliers: this Agreement shall continue until it is terminated by either party giving written notice to the other party to terminate this Agreement on the date stated in such notice; or for any Organisation that uses the Services as both a Client and a Supplier: this Agreement shall continue as set out in clause 12.1.1, except that either party may give written notice to the other party to terminate the Organisation’s use of the Services as a Supplier (but not as a Client) on the date stated in such notice.

Appears in 2 contracts

Sources: Terms of Service, Terms of Service