Common use of Contractual Term Clause in Contracts

Contractual Term. The term of this Agreement shall be two (2) years provided, however, that at the end of each twelve (12) month term hereof, this Agreement shall be automatically renewed for another twelve (12) months for so long as DEALER and AZIMUT are able to agree in good faith on acceptable retail sales goals, and Dealer has good faith intentions to seek the status of at least “silver” as defined in the Dealer Qualification Book.

Appears in 2 contracts

Sources: Dealership Agreement (Marinemax Inc), Dealership Agreement (Marinemax Inc)