Common use of Either Contracting Party Clause in Contracts

Either Contracting Party. has the right to terminate this Agreement at the end of its term or at any time after the expiration of the first fifteen years by written notice to the other Contracting Party, and this notice should be one year prior to the date of the intended termination.

Either Contracting Party. has the right to terminate this Agreement at the end of its term or at any time after the expiration of the first fifteen years may by giving 1 year's written notice to the other Contracting Party, and terminate this notice should be one year prior to Agreement at the date end of the intended terminationinitial 15 year period or any time thereafter.