The Term Of This Agreement May Be Extended

If the agreement contains the right to renew, make sure that the conditions for renewal are clearly defined. If you decide that the term expires on a single condition, make sure that you clearly define the condition, either in that clause or in a separate schedule of the agreement. where a period is fixed by the contract or may be determined in the contract, at any time during that period, unless the circumstances indicate that the other party must choose a date; Disputes over the purchase price. If the parties fail to agree on the fair value of the assets within 30 business days of receipt of [PARTY B`s] notification of the exercise of their call option with [PART B], the fair value shall be determined by three professionally certified appraisers, one of whom has been chosen by each of the parties and the third has been chosen by both selected parties. Similarly, certain obligations should be maintained even after the termination of the agreement, including depending on the main purpose of the agreement. . . .

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