Common use of Termination Term Clause in Contracts

Termination Term. 1. This Agreement shall be valid for a period of two (2) years. It shall be extended tacitly for one (1) year each. Either party hereto may terminate this Agreement with six (6) months’ notice effective the end of a year. Notice of termination must be given in writing. In the event of an amendment of or addition to the statutes, the distribution plan or this Agreement, the Entitled Person may give notice of extraordinary termination of the Administration Agreement effective the time when the amendment or addition comes into force: any such notice of termination must be given by the Entitled Person by registered letter not later than one (1) month after receipt of the notice concerning the amendment or addition. 2. Either party hereto may terminate this Agreement at any time with six (6) months‘ notice effective the end of a calendar year. The right to give notice of termination of this Agreement for good cause remains unaffected. 3. The Entitled Person may, without terminating the Administration Agreement in toto, withdraw from AGICOA GMBH rights of his choice in types of works or other subject matter of his choice and for territories/countries of his choice. The withdrawal of these rights, works or territories may also be made only with six (6) months‘ notice effective the end of a calendar year. 4. With termination or valid withdrawal of the rights, the same revert to the Entitled Person without special retransfer being required. 5. The claims of the Entitled Person against AGICOA GMBH under this Administration Agreement shall become barred by the statute of limitations after two (2) years; the computation of the limitation period shall be governed by Sections 201 ff. BGB [German Civil Code]. 6. The statements for the remuneration attributable to the Entitled Person will also be prepared after valid termination of the Administration Agreement or valid withdrawal of rights if the Entitled Person is entitled to rights revenue a. from use dating from a period prior to valid termination of the administration relationship or valid withdrawal of rights; or b. from a right of use granted by the collecting society before valid termination of the administration relationship or valid withdrawal of the rights.

Termination Term. 1. This Agreement shall be valid for a period of two (2) years. It shall be extended tacitly for one (1) year each. Either party hereto may terminate this Agreement with six (6) months’ notice effective the end of a year. Notice of termination must be given in writing. In the event of an amendment of or addition to the statutes, the distribution plan or this Agreement, the Entitled Person may give notice of extraordinary termination of the Administration Agreement effective the time when the amendment or addition comes into force: any such notice of termination must be given by the Entitled Person by registered letter not later than one (1) month after receipt of the notice concerning the amendment or addition. 2. Either party hereto may terminate this Agreement at any time with six (6) months‘ notice effective the end of a calendar year. The right to give notice of termination of this Agreement for good cause remains unaffected. 3. The Entitled Person may, without terminating the Administration Agreement in toto, withdraw from AGICOA GMBH GWFF rights of his choice in types of works or other subject matter of his choice and for territories/countries of his choice. The withdrawal of these rights, works or territories may also be made only with six (6) months‘ notice effective the end of a calendar year. 4. With termination or valid withdrawal of the rights, the same revert to the Entitled Person without special retransfer being required. 5. The claims of the Entitled Person against AGICOA GMBH GWFF under this Administration Agreement shall become barred by the statute of limitations after two (2) years; the computation of the limitation period shall be governed by Sections 201 ff. BGB [German Civil Code]. 6. The statements for the remuneration attributable to the Entitled Person will also be prepared after valid termination of the Administration Agreement or valid withdrawal of rights if the Entitled Person is entitled to rights revenue a. from use dating from a period prior to valid termination of the administration relationship or valid withdrawal of rights; or b. from a right of use granted by the collecting society before valid termination of the administration relationship or valid withdrawal of the rights.