Valid Term. 8.1 Both parties acknowledge that this Contract constitutes the entire agreement of both Parties with respect to license of Patent and the Technology, and replaces all prior agreements, contracts, memorandums, documents and discussion with respect to the license of the Patent and the Technology. The Patent Technology Use Right Transfer Agreement signed by both parties as of October 1, 2008, shall be terminated on the effective date of this Contract.
Valid Term. The valid term of the contract is one year, starting from August 2, 2010 to August 1, 2010. (the copy bears the same legal effect with the original.) Party A: Changxing Chisen Electric Co., Ltd. Representative: August 2, 2010 Party B: Anqing orui Power Supply Co., Ltd. Representative: August 2, 2010
Valid Term. This Agreement shall come into force on the Date of Execution and will remain valid first (I) for the Ship or Pay Term, under the "ship or pay" modality with respect to the Shipper Contracted Capacity, and subject to availability and for the Barrels effectively transported with respect to the Conditioned Capacity and then (ii) for the Ship and Pay Term under the "ship and pay" modality, for up to the Shipper Contracted Capacity, and subject to availability and for the Barrels effectively transported with respect to the Conditioned Capacity, for which the Parties shall agree on the applicable terms and conditions, including, but without limitation, the demand or not of the Warranty; unless it is terminated pursuant to Section 14.02. bicentenario Should the Parties not reach an agreement on the other terms and conditions for the Ship and Pay Term pursuant to the preceding paragraph, the terms and conditions that will govern will be those set out for Shipper Contracted Capacity , as applicable, and the Carrier Manual."
Valid Term. The present agreement (“this Agreement”) shall come into force from the signing date and shall not be terminated until 1) all the projects under this agreement are finished and 2) Party B receives the last payment from Party A. During the term of this Agreement, neither party has the right to early terminate this agreement. During the term of this Agreement, if either Party’s business operation term expires or is otherwise discontinued, this Agreement shall be early terminated at the time when the business term expires or terminates. If either party breaches this agreement during the valid term, the other party shall have the right to early terminate this Agreement and shall reserve the right to pursue the legal liability of the other party.