Common use of Initial Term; Renewal Terms Clause in Contracts

Initial Term; Renewal Terms. This Agreement shall remain in full force and effect for an initial period beginning on the Effective Date and ending twenty-four (24) months thereafter (the “Initial Term”). Following the Initial Term, this Agreement may be extended for successive twelve (12) month terms (each, a “Renewal Term”) by mutual written consent of the parties at least ninety (90) days prior to the end of the Initial Term or then-current Renewal Term, which consent may be withheld in either party’s sole discretion.