Contract Expiry. Upon the expiration of this contract, it shall naturally terminate. If both parties wish to extend the lease period, Party B must submit an application to Party A at least 30 days before the contract’s expiration. Both parties shall engage in negotiations to draft a renewed lease contract. Under equivalent terms and conditions, Party B shall have the right of first refusal for the lease, and the lease shall be subject to Party A’s prevailing rental rates and high-quality growth incubation service fees.
Appears in 2 contracts
Sources: Lease Contract (3 E Network Technology Group LTD), Lease Contract (3 E Network Technology Group LTD)