TERM

Other Names: Contract Term • Duration

Sample Clause Language:

This Agreement shall commence on [DATE] [the Effective Date] and shall terminate on [DATE] (the “Term”).

Source: Based on Seachange International Inc. (2019, December 11). Form 8-K. Retrieved from SEC EDGAR website http://www.sec.gov/edgar.shtml

 

Description:

Term clauses provide the length of time that the agreement will last. The sample clause here provides that the term of the agreement will end on a specific date.

Common Contracts with this Clause:

  • All Commercial Agreements
 

What you'll see with Lawgood:

Number of Positions Available:

Five (5) Alternative Positions

  • Specific Date
  • Period of Time
  • Completion of Transaction
  • Auto-Renewal
  • Elective Renewal

Related Clauses:

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