Common use of Termination During the Initial Term Clause in Contracts

Termination During the Initial Term. In the event that either party terminates this Agreement during the Initial Term, the parties shall not enter into a new agreement that contains substantially the same terms (or covers substantially the same services on different terms) as those set forth in this Agreement for a period of at least one (1) year from the Effective Date.

Appears in 3 contracts

Sources: Equipment Lease Agreement, Lease Agreement, Equipment Rental Agreement