Validity and Termination. This agreement will be in force for five (5) years from the date of its signature and its ratification by the corresponding authorities. This agreement may be extended, provided the parties express their willingness to do so in writing, at least 6 months prior to the expiring date. Nevertheless, either party may announce its intention to terminate this agreement unilaterally, without expression of cause, upon one month (30 days) written notice. This does not entitle the parties to claim any reparation or compensation of any kind. The ongoing activities will be completed within a year after the termination announcement, or within the limits permitted by the financial contribution made. Both parties express their full compliance with each and every clause of this agreement and in acceptance they sign four (4) copies, two (2) in Spanish and two (2) in English with the same content and to only one effect on the date……………..
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Sources: General Academic Cooperation Agreement, General Academic Cooperation Agreement, General Academic Cooperation Agreement