Common use of Duration and Expiration Clause in Contracts

Duration and Expiration. 1. This Agreement shall remain in force for ten years from the date of notification referred to in Article 13 of this Agreement. It shall be renewed tacitly every five years, subject to a complaint lodged by one of the Contracting Parties and notified in writing to the other Contracting Party, diplomatically one year before its expiry. Article 13 of this Agreement. It shall be renewed tacitly every five years, subject to a complaint lodged by one of the Contracting Parties and notified in writing to the other Contracting Party, diplomatically one year before its expiry. 2. For investments made before expiry dates, as provided for in paragraph 1 of this Article, the provisions of Articles 1 to 12 shall remain in force for an additional period of five years starting from the dates mentioned in paragraph 1 of this Article. The provisions of Articles 1 to 12 shall remain in force for an additional period of five years from the above mentioned dates.

Appears in 2 contracts

Sources: Bilateral Investment Agreement, Investment Agreement