| Commentary

23.2 Timing of termination

| Commentary

(b) Termination by Expiry or at Will

23.2 Timing of termination

Sometimes agreements are stated to have a fixed term. In such cases the parties will often intend that the agreement will terminate automatically by expiry at the end of that period, but it is better to state this rather than assume that this is implicit from the fixed term1.

If the agreement may terminate earlier, such as under another clause allowing for termination in the event of breach or insolvency, the clause providing for the fixed term should state that it is subject to earlier termination as

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