Common use of TERM AND TERMINATION 8 Clause in Contracts

TERM AND TERMINATION 8. 1 This Agreement is effective at the beginning of the Project Period and expires at the end of the Project Period, unless sooner terminated in accordance with this Agreement. The Parties hereto may extend the Term of this Agreement in writing for additional periods as desired on mutually acceptable terms and conditions. 8.2 Either Party may terminate this Agreement without cause if written notice of termination is given to the other Party at least sixty (60) days prior to the proposed termination date. Sponsor may terminate the Agreement immediately upon notice if University or any University Personnel breaches its obligations set forth in Sections 3.2 or 6.1.[37] 8.3 Termination of this Agreement by either Party for any reason will not affect the rights and obligations of the Parties accrued prior to the effective date of termination. Excepting the performance of the Project and delivery of the Deliverables, the rights and obligations of the Parties under this Agreement shall survive termination of this Agreement. [37] Parties may want to include a period to ‘cure’ the breach before the agreement can be terminated, assuming that it is possible to cure. In the context of a publication or disclosure of Confidential Information, the parties may define a “cure” as taking all reasonable steps to mitigate any potential harm.