Common use of Duration of the Framework Agreement Clause in Contracts

Duration of the Framework Agreement. 2.1 This Framework Agreement enters into force on [date]. It has a maximum term of 5 years of which 1.5 years for phase 1 and after a go decision 3.5 years for phase 2. In case of a no go decision after phase 1, the Framework Agreement will end after the first 1.5 years. 2.2 Termination of this Framework Agreement for whatever reason does not affect rights and obligations resulting from Further Agreements. The terms of this Framework Agreement continue to apply to any Further Agreements remaining in force after this Framework Agreement has ended. 2.3 The duration of any Further Agreements awarded to the Contractor under this Framework Agreement will be stipulated in the individual Further Agreements for each contract for the performance of Services. 2.4 Contracting authority is entitled to terminate this Framework Agreement prematurely as soon as the maximum value and/or amount of the contract is reached, without any further compensation. Contracting authority shall inform Contractor as soon as possible if and when he wants to invoke this right and he will observe a reasonable notice period.

Duration of the Framework Agreement. 2.1 This Framework Agreement enters into force on [date]. It has a maximum term of 5 years of which 1.5 years for phase 1 and after a go decision 3.5 years for phase 2. In case of a no go decision after phase 1, the Framework Agreement will end after the first 1.5 years. 2.2 Termination of this Framework Agreement for whatever reason does not affect rights and obligations resulting from Further Agreements. The terms of this Framework Agreement continue to apply to any Further Agreements remaining in force after this Framework Agreement has ended. 2.3 The duration of any Further Agreements awarded to the Contractor under this Framework Agreement will be stipulated in the individual Further Agreements for each contract for the performance of Services. 2.4 Contracting authority is entitled to terminate this Framework Agreement prematurely as soon as the maximum value and/or amount of the contract is reached, without any further compensation. Contracting authority shall inform Contractor as soon as possible if and when he wants to invoke this right and he will observe a reasonable notice period.