Common use of Term Termination and Default Clause in Contracts

Term Termination and Default. 12.1 Unless earlier terminated under Section 12.2, this Agreement is effective upon Polycom’s signature and shall remain in effect for one year. This agreement will be renewed annually unless terminated otherwise under this section. 12.2 This Agreement may be terminated by Licensee at any time without cause on 30 days written notice. 12.3 This Agreement may be terminated immediately for cause by Polycom in the event Licensee:

Appears in 2 contracts

Sources: Siren14 License Agreement, License Agreement

Term Termination and Default. 12.1 Unless earlier terminated under Section 12.2, this Agreement is effective upon Polycom’s signature and shall remain in effect for one year. This agreement will be renewed annually unless terminated until otherwise under this sectionterminated. 12.2 This Agreement may be terminated by Licensee at any time without cause on 30 days written notice. 12.3 This Agreement may be terminated immediately for cause by Polycom in the event Licensee:

Appears in 1 contract

Sources: Siren7/Siren14/G.719 License Agreement