Common use of Duration Termination and Default Clause in Contracts

Duration Termination and Default. 4.1 Effective Date This Agreement shall become effective as of the 30th day of October, 1999 (the "Effective Date"), and shall continue on for a period of two (2) years from the Effective Date or until terminated pursuant to the terms of this Agreement. 4.2 Termination This Agreement may be terminated by either party by giving the other 30 days written notice of such termination provided that in circumstances where the Contractor would otherwise have been entitled to receive a payment pursuant to Section 3.1 herein within 30 days following termination of this Agreement the Company shall make such payment to the Contractor as if the Agreement had not been terminated.

Appears in 1 contract

Sources: Service Agreement (Merlin Software Technologies International Inc)

Duration Termination and Default. 4.1 Effective Date This Agreement shall become effective as of the 30th 5th day of OctoberFebruary, 1999 2000 (the "Effective Date"), and shall continue on for a period of two six (26) years months from the Effective Date or until terminated pursuant to the terms of this Agreement. 4.2 Termination This Agreement may be terminated by either party by giving the other 30 days written notice of such termination provided that in circumstances where the Contractor would otherwise have been entitled to receive a payment pursuant to Section 3.1 herein within 30 days following termination of this Agreement the Company shall make such payment to the Contractor as if the Agreement had not been terminated.

Appears in 1 contract

Sources: Service Agreement (Merlin Software Technologies International Inc)