Common use of Term Validity Clause in Contracts

Term Validity. This Agreement shall become effective upon signature and shall be valid for an indefinite period. Either Partner may terminate this Agreement via registered letter with 3 months' notice to the end of a calendar year. The provisions of this Agreement shall continue to apply to any supply contract already concluded at the time of termination. The termination of this Agreement does not imply the automatic termination of any existing sup- ply contract. The termination of any existing supply contract does not automatically terminate this Agreement. The right to terminate this Agreement and the respective supply contracts without notice for good cause (e.g. in the event of a breach of duties of care and notification or failure to comply with the Contractor's duties of cooperation under this Agreement) remains unaffected.

Term Validity. This Agreement shall become effective upon signature and shall be valid for an indefinite periodperi- od. Either Partner may terminate this Agreement via registered letter with 3 months' notice to the end of a calendar year. The provisions of this Agreement shall continue to apply to any supply contract already concluded con- cluded at the time of termination. The termination of this Agreement does not imply the automatic termination of any existing sup- ply supply contract. The termination of any existing supply contract does not automatically terminate termi- nate this Agreement. The right to terminate this Agreement and the respective supply contracts without notice for good cause (e.g. in the event of a breach of duties of care and notification or failure to comply with the Contractor's duties of cooperation under this Agreement) remains unaffectedunaf fected.