Term Termination Sample Clauses

Term Termination. The term of this Teaming Agreement will initially be for 1 one year, with a periodic six-month review routine reviews to ensure that the terms of this Agreement provide a fair reflection of the performance and rewards of each Party, and may be renewed for up to two further yearsannually thereafter, by mutual agreement. Within 60 days of the end of the initial term, the Parties will evaluate this Agreement and endeavor to extend the same on terms that are mutually acceptable. In the event the Parties do not agree on a new contract, this Agreement shall continue month to month thereafter until terminated. At the end of the initial one year term, either Party may elect to terminate the Agreement by giving not less than 30 days written notice to the other Party, without penalty. Either Party may terminate this Agreement at any time for "cause", to be defined as material breach of this Agreement, gross misconduct, mal-feasancemalfeasance, moral or unethical dealings, or violation of any laws of any applicable jurisdiction. In the event of termination, the Parties shall complete all contracted services and settle the financial matters between them in according to accordance with the terms of this Agreement.
Term Termination. The term of this Teaming Agreement will initially be for 1 year, with a periodic six-month review to ensure that the terms of this Agreement provide a fair reflection of the performance and rewards of each Party, and may be renewed for up to two further years, by mutual agreement. Either Party may terminate this Agreement at any time for ”cause”, to be defined as material breach of this Agreement, gross misconduct, mal-feasance, moral or unethical dealings, or violation of any laws of any applicable jurisdiction. In the event of termination, the Parties shall complete all contracted services and settle the financial matters between them in according to the terms of this Agreement.
Term Termination. The term of this Teaming Agreement will initially be for 1 year, with a periodic six-month review to ensure that the terms of this Agreement provide a fair reflection of the performance and rewards of each Partyparty, and may be renewed for up to two further years, by mutual agreement. Either Party may elect to terminate the Agreement by giving notice to the other party no later than 60 days prior, without penalty. Either Party may terminate this Agreement at any time for ”cause”, to be defined as material breach of this Agreement, gross misconduct, mal-feasance, moral or unethical dealings, or violation of any laws of any applicable jurisdiction. In the event of termination, the Parties shall complete all contracted services and settle the financial matters between them in according to the terms of this Agreement. Notwithstanding the above, this obligations concerning the purchase of the Inventory, the payments due under the Warhaft Note, the sub-lease obligations, and the operating cost obligations shall survive any termination until such time as they are fully and properly discharged.
Term Termination. The term of this Teaming Agreement will initially be for 1 year, with a periodic six-month review to ensure that the terms of this Agreement provide a fair reflection of the performance and rewards of each Party, and may be renewed for up to two further years, by mutual agreement. In the event that the Parties enter into a Definitive Agreement as contemplated by the Letter of Intent between the Parties, this Agreement shall terminate, without penalty. Either Party may elect to terminate the Agreement by giving notice to the other Party no later than 60 days prior to the end of any 12 month term following the date of this Agreement, without penalty. Either Party may terminate this Agreement at any time for ”cause”, to be defined as material breach of this Agreement, gross misconduct, mal-feasance, moral or unethical dealings, or violation of any laws of any applicable jurisdiction. In the event of termination, the Parties shall complete all contracted services and settle the financial matters between them in according to the terms of this Agreement.