Term Clause Example from Business Contracts

Term. The term of this Agreement shall commence on the Effective Date and shall continue for a period of two (2) years following the Effective Date (such initial two (2) year term, the "Initial Term") and shall be automatically renewed for successive one (1) year periods thereafter unless either party provides the other party with written notice of his or its intention not to renew this Agreement at least three (3) months prior to the expiration of the initial term or any renewal term of this Agreemen...t. "Employment Period" shall mean the initial two (2) year term plus renewals, if any. View More