Commencement and term clause

The following Commercial precedent provides comprehensive and up to date legal information covering:

  • Commencement and term clause

Commencement and term clause

    1. 1

      Effective date

      1. 1.1

        Effective date (specified future date, date of signature or specified previous date)

        This Agreement [[takes effect on [insert date] OR the date of this Agreement] OR is deemed to [have taken effect OR take effect] on [insert date]] (Effective Date).

      1. 1.2

        Effective date (staggered effect)

        This Agreement [takes effect on [insert date] OR the date of this Agreement] save for clauses [insert] and [insert] which take effect on [insert date].

    1. 2

      Effective date and term (combined)—fixed term

      1. 2.1

        This Agreement shall start on the Effective Date and shall continue for a period of [insert number eg 12] months when it shall terminate automatically, unless this Agreement is terminated sooner in accordance with clauses[ insert clause references providing for the right to terminate eg termination clause, force majeure clause, material breach clause etc] (the Term).

    1. 3

      Effective date and term (combined)—Initial fixed term with automatic

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