Common use of Contract Term and Renewal Clause in Contracts

Contract Term and Renewal. 13.1. The term of this Contract shall be for one (1) year beginning on , 2006, and terminating at midnight on , 2007, with an option to renew thereafter for each of the next three 12 (twelve) month periods, unless terminated as provided in Article XVII below. If the Owner decides to exercise the option to renew, it shall be in written form to Contractor, thirty (30) days prior to the expiration of the Contract. In the event that the Contract is renewed, the terms and conditions will remain unchanged except as changed under Article XV below.

Contract Term and Renewal. 13.1. The term of this Contract shall be for one (1) year beginning on ______________, 2006, and terminating at midnight on ____________, 2007, with an option to renew thereafter for each of the next three 12 (twelve) month periods, unless terminated as provided in Article XVII below. If the Owner decides to exercise the option to renew, it shall be in written form to Contractor, thirty (30) days prior to the expiration of the Contract. In the event that the Contract is renewed, the terms and conditions will remain unchanged except as changed under Article XV below.