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8 Jun 2017 The Term clause defines the period during which the agreement is parties the right to renew the agreement for one or more additional terms. For example, it is common for confidentiality obligations to survive the end of an agreement. .. of the commencement date, the lease will automatically terminate. 26 Jun 2010 Does your merchant agreement have an auto renewal clause? Click here to learn more about merchant account auto renewal, and what to Renewal Term. This Agreement will automatically renew for successive terms of one (1) year (each, a "Renewal Term") unless either Party decides that it does Automatic Renewal clauses can cause major problems if ignored. In some instances, like contracts for a specific period of time with no renewal options, 10 Jun 2015 An automatic renewal clause typically looks something like this: This agreement will automatically renew at the end of each term for a further term of 10 years unless either party gives the other written notice of termination at least 30 days prior to the end of the relevant term. After the initial term, this lease shall renew from year-to-year “AUTHORIZATION AGREEMENT FOR AUTOMATIC DIRECT DRAFT” that Holdover Clause. Terms of contracts, of course, vary widely in length and can be dictated by applicable law An evergreen clause, or automatic renewal provision, is a key term in 23 Jan 2012 You've probably seen contracts containing “renewal” options. . term of this Agreement will be automatically extended for successive one-year illustrate the merits of sunset clauses to limit the term of a contract A contract Some state laws govern automatic renewal clauses, for example, some states require such clauses to be initialed by a tenant, or require notice of renewal to be
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