Common use of Duration and Expiration Clause in Contracts

Duration and Expiration. 1. This Agreement shall remain in force for a period of 10 years from the date of completion of the notification procedures set forth in Article 13 and shall be renewed automatically for periods of five years, unless either party denounces it in writing one year prior to the expiration date. 2. For investments made prior to the expiration date referred to in Article 14, the provisions of Articles 1 to 12 shall remain in effect for a further period of five years from the above date

Duration and Expiration. 1. This Agreement shall remain in force for a period of 10 ten (10) years from the date of completion of the notification procedures set forth referred to in Article 13 and shall be renewed automatically remain in force for periods an additional period of five years(5), unless either party denounces one of the two Contracting Parties denies it in writing Not later than one year prior to the expiration datebefore its expiry. 2. For investments made prior to before the expiration date expiry dates referred to in Article 14paragraph 1 of this Article, the provisions of Articles 1 to 12 shall remain in effect force for a further an additional period of five (5) years from the above datementioned dates.