Expiration date clause: Copy, customize, and use instantly
Introduction
An expiration date clause defines the date at which the contract or certain obligations within the contract will terminate. This clause is crucial in establishing the duration of the agreement and ensuring that both parties are aware of the timeline within which they must perform their obligations. It helps avoid uncertainty by making clear when the contract expires, and what actions, if any, are required before or after the expiration.
Below are templates for expiration date clauses tailored to different scenarios. Copy, customize, and insert them into your agreement.
Expiration date clause for a fixed-term contract
This variation applies when the contract has a fixed duration with a specific expiration date.
This Agreement shall be effective as of the date first written above and shall automatically expire on [insert date], unless earlier terminated in accordance with the terms of this Agreement. Any obligations of the parties that are due and outstanding as of the expiration date shall remain enforceable until fully satisfied.
Expiration date clause for renewal of contract with notice
This variation applies when the contract includes a renewal option, contingent on notice from either party.
This Agreement shall remain in effect until [insert expiration date], unless either party provides written notice of non-renewal at least [insert number of days] days before the expiration date. If neither party provides such notice, the Agreement shall automatically renew for additional [insert duration] periods under the same terms and conditions.
Expiration date clause for project-based agreements
This variation applies when the contract is tied to the completion of a specific project.
This Agreement shall remain in effect until the completion of the project described in [insert section or description of the project], but in no event later than [insert expiration date]. Upon completion of the project or expiration of this Agreement, whichever occurs first, all obligations of the parties shall cease, unless otherwise provided herein.
Expiration date clause with termination rights
This variation applies when the contract includes termination rights, and the expiration is tied to such rights.
This Agreement shall remain in effect until [insert expiration date], unless earlier terminated by either party in accordance with the termination provisions set forth in [insert reference to the termination clause]. The expiration date shall not affect any rights or obligations accrued prior to the termination.
Expiration date clause for automatic renewal with notice
This variation applies when the contract automatically renews unless notice is provided before the expiration date.
This Agreement shall expire on [insert expiration date], and shall automatically renew for successive [insert period, e.g., one-year] terms unless either party provides written notice of termination at least [insert number of days] days before the expiration date. The automatic renewal is subject to the terms and conditions herein.
Expiration date clause for specific event termination
This variation applies when the expiration is linked to a specific event or milestone.
This Agreement shall remain in effect until [insert specific event, e.g., the completion of the delivery of services, or completion of a specific milestone], but in no event later than [insert expiration date]. The Agreement will terminate upon the earlier of the completion of such event or the expiration date.
Expiration date clause for limited rights after expiration
This variation applies when certain rights or obligations continue even after the expiration date.
The term of this Agreement shall end on [insert expiration date]. Notwithstanding the expiration, the rights and obligations under Sections [insert relevant sections, e.g., confidentiality, indemnification] shall survive until fully executed or performed as agreed by the parties.
Expiration date clause for periodic review and expiration
This variation applies when periodic reviews are conducted and the contract expires upon review.
This Agreement shall remain in effect until [insert expiration date], at which point the parties shall review the terms and conditions. If the parties do not agree to a renewal or modification, this Agreement shall expire automatically without further action by either party.
Expiration date clause for contract renewal based on mutual agreement
This variation applies when the renewal requires mutual agreement before the expiration date.
This Agreement shall expire on [insert expiration date], unless both parties mutually agree in writing to extend the term of the Agreement. Any such extension shall be documented in an amendment to this Agreement signed by both parties.
Expiration date clause with automatic termination
This variation applies when the agreement includes automatic termination upon expiration.
This Agreement shall automatically terminate on [insert expiration date], with no further action required by either party. The parties shall settle all outstanding obligations prior to the expiration date, and any remaining obligations after the expiration shall be handled in accordance with the applicable terms set forth in the Agreement.
Expiration date clause for performance-based extension
This variation applies when the contract can be extended based on performance metrics.
This Agreement shall remain in effect until [insert expiration date], unless the parties mutually agree to extend the term based on the successful completion of the performance metrics set forth in [insert reference to performance terms]. Such extension shall be in writing and executed by both parties before the expiration date.
Expiration date clause for contract expiration with early termination rights
This variation applies when there are early termination rights before the expiration date.
This Agreement shall expire on [insert expiration date], unless terminated earlier by either party in accordance with the termination provisions herein. In the event of early termination, the party exercising the right to terminate shall provide written notice to the other party at least [insert number of days] days before the desired termination date.
Expiration date clause with specified termination notice
This variation applies when the expiration is tied to a specified notice period.
This Agreement shall expire on [insert expiration date], provided that either party may terminate the Agreement by giving [insert number of days] days' written notice to the other party prior to the expiration date. Any termination notice must be submitted in accordance with the notice provisions outlined in this Agreement.
Expiration date clause for contractual rights continuing after expiration
This variation applies when specific contractual rights continue after expiration.
The term of this Agreement shall expire on [insert expiration date]. However, any rights or obligations that are specifically stated to survive expiration, including but not limited to [insert surviving clauses, e.g., indemnification, confidentiality], shall continue in effect beyond the expiration date.
Expiration date clause for automatic termination without renewal
This variation applies when the contract automatically terminates at the expiration date without an option for renewal.
This Agreement shall automatically terminate on [insert expiration date] without renewal or further action required by either party. Any obligations due prior to the expiration date shall be performed in full, and no further rights or obligations will exist between the parties after termination.
Expiration date clause for performance review at expiration
This variation applies when performance is reviewed before the expiration date.
This Agreement shall expire on [insert expiration date], at which time the parties shall review the performance and obligations under this Agreement. If the parties mutually agree to continue the relationship, the Agreement may be extended or amended accordingly.
Expiration date clause for contract extension based on performance review
This variation applies when the contract includes a performance review before its expiration date.
This Agreement shall remain in effect until [insert expiration date]. At least [insert number of days] before the expiration date, the parties shall conduct a performance review, and based on the review, may mutually agree to extend the term of this Agreement for a further [insert duration].
Expiration date clause with automatic extension unless terminated
This variation applies when the contract automatically extends unless terminated by either party.
This Agreement shall expire on [insert expiration date] unless either party provides written notice of termination at least [insert number of days] days prior to the expiration date. If no such notice is provided, the Agreement shall automatically extend for [insert extension period].
Expiration date clause with renewal option after specific term
This variation applies when the agreement has a specific term and includes a renewal option.
This Agreement shall expire on [insert expiration date], but the parties may renew the Agreement for an additional [insert number of years] term, subject to mutual written agreement. The renewal must be executed before the expiration date.
Expiration date clause with right to renegotiate before expiration
This variation applies when the parties have the right to renegotiate the terms before the expiration date.
This Agreement shall expire on [insert expiration date]. However, no later than [insert number of days] before the expiration date, either party may request to renegotiate the terms of the Agreement. If both parties agree, the Agreement may be extended under the revised terms.
Expiration date clause with early termination provision
This variation applies when the agreement includes a provision for early termination before the expiration date.
This Agreement shall automatically terminate on [insert expiration date], unless either party provides written notice of early termination in accordance with the early termination provisions set forth in [insert reference]. The early termination notice must be provided at least [insert number of days] before the expiration date.
Expiration date clause for fixed duration without renewal
This variation applies when the contract has a fixed duration with no renewal provision.
This Agreement shall expire on [insert expiration date] and shall not automatically renew. Upon expiration, all rights and obligations of the parties shall cease unless otherwise stated in this Agreement.
Expiration date clause with notice for extension
This variation applies when the parties must give notice to extend the contract before expiration.
This Agreement shall expire on [insert expiration date], unless either party provides written notice of its intention to extend the Agreement at least [insert number of days] prior to the expiration date. The parties may then negotiate and agree on the terms of the extension.
Expiration date clause with automatic termination unless extended
This variation applies when the agreement automatically terminates unless extended by mutual agreement.
This Agreement shall expire on [insert expiration date], and unless extended by mutual written agreement between the parties at least [insert number of days] before the expiration date, this Agreement shall automatically terminate on the expiration date.
Expiration date clause for conditional extension
This variation applies when the extension of the contract is contingent on certain conditions.
This Agreement shall expire on [insert expiration date], but may be extended by mutual agreement of the parties, subject to the fulfillment of the following conditions: [insert conditions for extension]. The parties shall review the conditions and agree on any extensions before the expiration date.
Expiration date clause for review and renewal option
This variation applies when a contract includes an option to renew after review before expiration.
This Agreement shall expire on [insert expiration date]. No later than [insert number of days] prior to the expiration, the parties shall review the Agreement. Based on this review, the parties may mutually agree to renew the Agreement for an additional term.
Expiration date clause with automatic renewal for a limited period
This variation applies when the contract automatically renews for a limited period unless terminated.
This Agreement shall expire on [insert expiration date], but it shall automatically renew for successive [insert duration] periods unless either party provides written notice of termination at least [insert number of days] before the expiration date.
Expiration date clause for fixed term with termination rights
This variation applies when the contract has a fixed term but includes termination rights before the expiration date.
This Agreement shall remain in effect until [insert expiration date]. However, either party may terminate this Agreement with [insert number of days] days' notice prior to the expiration date, subject to the termination provisions outlined in [insert reference to the termination clause].
Expiration date clause for performance-based extension
This variation applies when an extension of the contract depends on the performance of one or both parties.
This Agreement shall expire on [insert expiration date], but may be extended based on the performance of [insert party or parties]. The parties shall evaluate the performance at least [insert number of days] before the expiration date, and the Agreement may be extended for an additional period if performance criteria are met.
Expiration date clause for contract fulfillment
This variation applies when the expiration is tied to the completion of certain contract obligations.
This Agreement shall expire upon the completion of [insert project or obligations], or on [insert expiration date], whichever occurs first. If the obligations are not completed by the expiration date, the parties will meet to determine the next steps.
Expiration date clause with no obligation to renew
This variation applies when there is no obligation to renew or extend the contract after the expiration date.
This Agreement shall expire on [insert expiration date], and neither party shall have any obligation to renew or extend the term of the Agreement. All rights and obligations shall cease upon expiration, unless otherwise provided herein.
Expiration date clause for multi-phase project completion
This variation applies when the contract term is based on completing phases of a project.
This Agreement shall remain in effect until the completion of all phases of the project described in [insert description of project] or until [insert expiration date], whichever occurs first. The expiration of this Agreement will occur upon the completion of the final phase, or on the expiration date, whichever is earlier.
Expiration date clause for auto-renewal with cap on extension
This variation applies when the agreement renews automatically with a cap on the number of renewals.
This Agreement shall expire on [insert expiration date], and shall automatically renew for [insert number] additional [insert term, e.g., one-year] periods unless terminated earlier by either party. The total number of renewals shall not exceed [insert number].
Expiration date clause with performance-based termination
This variation applies when termination rights are based on the performance of a party.
This Agreement shall expire on [insert expiration date], but either party may terminate this Agreement prior to the expiration date if the other party fails to meet the performance standards set forth in [insert reference to performance section]. Notice of termination must be provided at least [insert number of days] before the expiration date.
Expiration date clause for automatic termination with grace period
This variation applies when the contract automatically terminates, but provides a grace period.
This Agreement shall expire on [insert expiration date] and automatically terminate, unless the parties agree to extend it. However, if either party fails to meet the terms before expiration, the Agreement may be extended for a grace period of [insert number of days] to allow for completion of outstanding obligations.
Expiration date clause for partial renewal
This variation applies when only part of the contract is renewed, not the entire agreement.
This Agreement shall expire on [insert expiration date]. Upon expiration, the parties may mutually agree to renew only certain sections of the Agreement, such as [insert sections], while the remaining provisions shall terminate. The renewal must be confirmed in writing prior to expiration.
Expiration date clause with condition for renewal
This variation applies when the contract includes a condition for renewal based on certain criteria.
This Agreement shall expire on [insert expiration date], unless both parties agree in writing to renew it for an additional term. Renewal shall be contingent on the fulfillment of specific conditions outlined in [insert reference to the condition], which must be met before the expiration date.
Expiration date clause for automatic termination with notification
This variation applies when the contract terminates automatically unless a notice is provided before expiration.
This Agreement shall automatically terminate on [insert expiration date], unless either party provides written notice of renewal or extension at least [insert number of days] days before the expiration date. The termination will be final if no notice is provided.
Expiration date clause with early termination rights
This variation applies when early termination rights are granted, allowing for contract termination before the expiration date.
This Agreement shall expire on [insert expiration date], but either party may terminate this Agreement earlier by providing [insert number of days] days’ written notice. The termination will be effective on the date specified in the notice, but not later than the expiration date.
Expiration date clause for automatic renewal based on performance
This variation applies when the contract automatically renews based on meeting specific performance targets.
This Agreement shall expire on [insert expiration date], but shall automatically renew for an additional [insert duration] if both parties meet the performance targets specified in [insert reference to the performance section]. If performance targets are not met, the Agreement will expire on the specified date.
Expiration date clause with renewal option dependent on mutual agreement
This variation applies when the contract includes a renewal option that is dependent on mutual agreement.
This Agreement shall expire on [insert expiration date], but may be renewed for an additional term by mutual agreement of the parties. Any renewal must be documented in writing and executed by both parties prior to the expiration date.
Expiration date clause with performance review prior to expiration
This variation applies when a performance review is conducted before the expiration date to determine if the contract should be renewed.
This Agreement shall expire on [insert expiration date]. Prior to the expiration date, the parties shall conduct a performance review to assess whether to continue or modify the Agreement. The renewal or modification must be agreed upon in writing before the expiration date.
Expiration date clause with automatic extension unless terminated
This variation applies when the contract automatically extends unless terminated before the expiration date.
This Agreement shall expire on [insert expiration date], but shall automatically extend for an additional term of [insert duration] unless either party provides written notice of termination at least [insert number of days] prior to the expiration date.
Expiration date clause with no renewal option
This variation applies when there is no renewal option and the contract ends at the expiration date.
This Agreement shall automatically expire on [insert expiration date] with no renewal option. Upon expiration, all obligations of the parties shall terminate, unless otherwise stated in this Agreement.
Expiration date clause with right to renegotiate before expiration
This variation applies when either party has the right to renegotiate the terms before the expiration date.
This Agreement shall expire on [insert expiration date]. However, prior to the expiration date, either party may request renegotiation of the terms. Any renegotiation shall be documented in writing, and the Agreement shall be amended accordingly if both parties agree.
Expiration date clause with grace period after expiration
This variation applies when there is a grace period after the expiration date to allow for any final actions.
This Agreement shall expire on [insert expiration date], but both parties agree to a grace period of [insert number of days] days to allow for the completion of any outstanding obligations. After the grace period, all obligations under this Agreement shall terminate.
Expiration date clause for renewal contingent on financial performance
This variation applies when the renewal of the contract depends on financial performance metrics.
This Agreement shall expire on [insert expiration date], and renewal will be contingent upon the financial performance of [insert financial metrics] being met. If the financial criteria are not met, the Agreement will not be renewed.
Expiration date clause with automatic renewal for a limited number of terms
This variation applies when the contract automatically renews, but only for a specified number of terms.
This Agreement shall expire on [insert expiration date] and shall automatically renew for [insert number of renewal periods] terms of [insert duration] each unless either party provides written notice of termination at least [insert number of days] before the expiration date.
Expiration date clause for continuation of certain provisions post-expiration
This variation applies when certain provisions of the contract continue after expiration.
This Agreement shall expire on [insert expiration date], but the obligations under Sections [insert references to specific sections, e.g., confidentiality, indemnity] shall continue in effect beyond the expiration date until fully discharged.
Expiration date clause for extension based on mutual consent
This variation applies when the contract can be extended based on mutual consent, without any automatic renewal.
This Agreement shall expire on [insert expiration date]. However, both parties may mutually agree in writing to extend the term of this Agreement for an additional period. Such extension shall be subject to the terms and conditions of the original Agreement unless otherwise amended.
Expiration date clause for project completion as a condition for expiration
This variation applies when the expiration is tied to the completion of a specific project or task.
This Agreement shall expire upon the completion of the project described in [insert description], or on [insert expiration date], whichever occurs first. The Agreement will terminate upon the completion of the project or upon the expiration date.
Expiration date clause with notice period for renewal
This variation applies when the contract includes a notice period for renewal.
This Agreement shall expire on [insert expiration date], and the parties shall notify each other in writing of their intention to renew the Agreement at least [insert number of days] before the expiration date. If no notice is provided, the Agreement will automatically terminate on the expiration date.
Expiration date clause with an automatic termination for non-fulfillment of conditions
This variation applies when the contract terminates automatically if conditions are not fulfilled by the expiration date.
This Agreement shall expire on [insert expiration date]. If either party fails to meet the conditions outlined in [insert reference], the Agreement will automatically terminate on the expiration date, and no further obligations will be owed by either party.
Expiration date clause for automatic renewal based on ongoing performance
This variation applies when the agreement automatically renews based on the ongoing performance of the parties.
This Agreement shall expire on [insert expiration date], but will automatically renew for additional terms of [insert duration] if the parties continue to perform in accordance with the terms of this Agreement. Either party may terminate the renewal by providing [insert number of days] written notice before the expiration date.
Expiration date clause with potential for early termination
This variation applies when early termination can occur before the expiration date.
This Agreement shall expire on [insert expiration date], but either party may terminate the Agreement earlier with written notice of [insert number of days] days before the expiration date. Early termination will be effective as of the notice date, and no further performance will be required after termination.
Expiration date clause with defined expiration and renewal
This variation applies when the contract has a defined expiration date with an option to renew.
This Agreement shall expire on [insert expiration date], and may be renewed by mutual written agreement of both parties. Notice of intent to renew must be provided no later than [insert number of days] before the expiration date. If no such notice is provided, the Agreement shall terminate on the expiration date.
Expiration date clause for multiple phases of a contract
This variation applies when the contract is divided into phases, and the expiration is tied to phase completion.
This Agreement shall expire upon completion of [insert phase or task], or on [insert expiration date], whichever comes first. Any remaining obligations not completed before the expiration date shall cease, unless otherwise agreed by the parties.
Expiration date clause with grace period for fulfillment of obligations
This variation applies when a grace period is allowed after expiration to complete outstanding obligations.
This Agreement shall expire on [insert expiration date], with a grace period of [insert number of days] days for the completion of any remaining obligations. The parties will make reasonable efforts to complete any outstanding obligations during this period.
Expiration date clause for automatic termination with no renewal option
This variation applies when the contract ends automatically on the expiration date without renewal.
This Agreement shall expire on [insert expiration date] and shall terminate automatically without any requirement for renewal. No further actions are required from either party after the expiration date.
Expiration date clause for the option to extend based on performance
This variation applies when the contract may be extended if certain performance conditions are met.
This Agreement shall expire on [insert expiration date], but may be extended for an additional period based on the achievement of performance criteria set forth in [insert section]. The extension must be agreed to by both parties in writing before the expiration date.
Expiration date clause with option to terminate before expiration
This variation applies when either party may terminate the agreement before the expiration date.
This Agreement shall remain in effect until [insert expiration date], unless terminated earlier by either party with [insert number of days] days' written notice. Upon termination, all obligations shall cease, except as otherwise specified in this Agreement.
Expiration date clause with automatic renewal for an indefinite term
This variation applies when the contract renews indefinitely unless terminated.
This Agreement shall expire on [insert expiration date], but will automatically renew for successive [insert duration] terms unless either party provides written notice of termination at least [insert number of days] prior to the expiration date. The automatic renewal will continue indefinitely unless terminated.
Expiration date clause for completion of specific conditions
This variation applies when the contract expires once specific conditions are fulfilled.
This Agreement shall expire upon the completion of [insert specific condition or event], or on [insert expiration date], whichever occurs first. The expiration date shall not affect any rights or obligations that are due prior to that date.
Expiration date clause with conditional renewal based on external factors
This variation applies when renewal depends on external factors, such as regulatory changes.
This Agreement shall expire on [insert expiration date], and may be renewed if [insert external condition, e.g., regulatory approval] is obtained before the expiration date. If the external condition is not met, the Agreement will automatically terminate upon expiration.
Expiration date clause for early termination upon notice
This variation applies when early termination rights are exercised upon notice before the expiration date.
This Agreement shall expire on [insert expiration date], unless terminated earlier by either party upon [insert number of days] days' written notice. The early termination shall be effective on the date specified in the notice, and no further obligations will arise after termination.
Expiration date clause for project-based contract with firm deadline
This variation applies when the expiration is tied to the completion of a project by a fixed deadline.
This Agreement shall expire upon the completion of the project as described in [insert project description], or no later than [insert expiration date], whichever occurs first. If the project is not completed by the expiration date, the Agreement will automatically terminate.
Expiration date clause for ongoing services with notice of termination
This variation applies when the contract involves ongoing services that require termination notice.
This Agreement shall expire on [insert expiration date]. However, either party may terminate the ongoing services by providing written notice at least [insert number of days] before the expiration date. Upon termination, the parties will settle any outstanding obligations as of the termination date.
Expiration date clause with review and decision to renew
This variation applies when the parties review the agreement near expiration to decide whether to renew.
This Agreement shall expire on [insert expiration date]. No later than [insert number of days] before the expiration, the parties shall review the terms of this Agreement and mutually agree whether to renew for another term. If no agreement is made, the Agreement will expire on the specified date.
Expiration date clause with milestone-based extension
This variation applies when an extension is granted based on the completion of specific milestones.
This Agreement shall expire on [insert expiration date], but the expiration may be extended if the parties achieve the milestones set forth in [insert reference to milestone section] before the expiration date. Extensions shall be mutually agreed upon and documented in writing.
Expiration date clause for no automatic renewal, with option for one-time extension
This variation applies when the contract does not renew automatically but offers a one-time extension option.
This Agreement shall expire on [insert expiration date] and shall not automatically renew. The parties may agree to extend the Agreement for one additional term, provided such extension is mutually agreed upon in writing prior to the expiration date.
Expiration date clause for contingent expiration based on external factors
This variation applies when the expiration is contingent upon external factors like completion of third-party approvals.
This Agreement shall expire on [insert expiration date], unless the completion of [insert external condition] occurs prior to the expiration. If the external condition is not met by the expiration date, the Agreement will automatically terminate without renewal.
Expiration date clause with exception for pending obligations
This variation applies when certain obligations may survive the expiration of the contract.
This Agreement shall expire on [insert expiration date], but any obligations that have not been fully performed by that date, such as [insert specific obligations], will survive until completed. All other obligations will terminate upon the expiration date.
Expiration date clause with final settlement of accounts post-expiration
This variation applies when a final settlement of accounts is required after expiration.
This Agreement shall expire on [insert expiration date]. Following expiration, the parties will complete a final settlement of accounts, with all outstanding payments or obligations being settled no later than [insert number of days] days after expiration.
Expiration date clause for fixed term with no renewal
This variation applies when the contract has a fixed term with no automatic renewal.
This Agreement shall expire on [insert expiration date], and shall not automatically renew. The parties acknowledge that upon expiration, all obligations of the parties shall cease, unless otherwise agreed in writing by the parties.
Expiration date clause for option to renew with notice requirement
This variation applies when there is an option to renew with a notice requirement.
This Agreement shall expire on [insert expiration date], but may be renewed for an additional term by mutual agreement of the parties. Either party must notify the other in writing of its intent to renew at least [insert number of days] days before the expiration date.
Expiration date clause for renewal with a performance review
This variation applies when renewal is contingent on a performance review.
This Agreement shall expire on [insert expiration date]. Prior to the expiration, the parties shall conduct a performance review to assess the fulfillment of obligations. Based on the results, the parties may agree to extend or renew the Agreement for an additional term.
Expiration date clause with termination option based on external factors
This variation applies when the expiration date is tied to external factors such as regulatory approvals.
This Agreement shall expire on [insert expiration date], unless the parties receive the necessary regulatory approvals or licenses required to continue performance. If the necessary approvals are not received by the expiration date, the Agreement will terminate automatically.
Expiration date clause with review and negotiation period
This variation applies when the parties need time to review and negotiate before the expiration date.
This Agreement shall expire on [insert expiration date], but no later than [insert number of days] before that date, the parties shall meet to review the Agreement. If both parties agree, the Agreement may be extended or modified based on the outcome of the review.
Expiration date clause for automatic renewal with performance-based conditions
This variation applies when automatic renewal is contingent on meeting specific performance targets.
This Agreement shall expire on [insert expiration date], but will automatically renew for an additional [insert duration] term, provided that the performance criteria outlined in [insert section or reference] are met. If performance targets are not met, the Agreement shall not renew.
Expiration date clause for extension based on mutual agreement
This variation applies when the contract may be extended by mutual agreement before expiration.
This Agreement shall expire on [insert expiration date]. However, if both parties agree in writing, the Agreement may be extended for an additional term. Any extension shall be on terms and conditions mutually agreed upon by both parties.
Expiration date clause with final settlement after expiration
This variation applies when a final settlement must occur after the expiration date.
This Agreement shall expire on [insert expiration date], and the parties agree to conduct a final settlement of any outstanding obligations no later than [insert number of days] after the expiration date. All payments and performance must be completed during this period.
Expiration date clause with notice of termination before expiration
This variation applies when either party may terminate the Agreement before the expiration date.
This Agreement shall expire on [insert expiration date], but either party may terminate it with [insert number of days] written notice before that date. Upon termination, the Agreement shall be considered null and void, and no further obligations will be due.
Expiration date clause for fixed term with grace period
This variation applies when the contract includes a grace period after the expiration date.
This Agreement shall expire on [insert expiration date]. Following expiration, a grace period of [insert number of days] days will be provided to allow the parties to finalize any outstanding obligations. After the grace period, all obligations shall terminate.
Expiration date clause for automatic termination without notice
This variation applies when the contract terminates automatically with no need for notice.
This Agreement shall expire on [insert expiration date], and upon expiration, it shall automatically terminate without any further action required by either party. The termination will be final with no need for notice or additional steps.
Expiration date clause with an early termination option
This variation applies when either party has the option to terminate the contract early.
This Agreement shall expire on [insert expiration date]. However, either party may terminate this Agreement early by providing written notice of termination at least [insert number of days] before the expiration date. All obligations up until the termination date shall remain in effect.
Expiration date clause with exception for certain ongoing obligations
This variation applies when certain obligations continue after expiration.
This Agreement shall expire on [insert expiration date], but the obligations set forth in [insert section(s), e.g., confidentiality, intellectual property] shall continue in effect beyond the expiration date until fully discharged, unless otherwise agreed by the parties.
Expiration date clause for automatic renewal based on performance milestones
This variation applies when renewal is based on meeting specific performance milestones.
This Agreement shall expire on [insert expiration date], but will automatically renew for an additional term if the performance milestones set forth in [insert reference] are met by the expiration date. Failure to meet milestones will result in the termination of the Agreement.
Expiration date clause with a fixed term and no obligation to renew
This variation applies when the agreement has a set term with no renewal obligation.
This Agreement shall expire on [insert expiration date] and shall not renew automatically. Both parties acknowledge that no further obligations will exist after the expiration date, unless otherwise agreed in writing prior to the expiration.
Expiration date clause for conditional extension due to external events
This variation applies when an extension is conditional on external events.
This Agreement shall expire on [insert expiration date], but the expiration date may be extended if certain external events, such as [insert external event], occur before that date. If the condition is not met, the Agreement will expire as scheduled.
Expiration date clause with early termination due to force majeure
This variation applies when force majeure allows for early termination before the expiration date.
This Agreement shall expire on [insert expiration date], but if a force majeure event as defined in [insert reference] occurs, either party may terminate this Agreement before the expiration date. The affected party shall notify the other party of the event and its impact on performance.
Expiration date clause for renewal based on market conditions
This variation applies when renewal is based on market conditions.
This Agreement shall expire on [insert expiration date]. If there are significant changes in market conditions, such as [insert market conditions], the parties shall review the Agreement and may agree to extend the term for an additional period.
Expiration date clause for contract termination due to legal requirements
This variation applies when legal requirements require termination before the expiration date.
This Agreement shall expire on [insert expiration date], but if there are changes in laws or regulations that make the performance of this Agreement illegal, the parties agree to terminate the Agreement immediately without any obligation after the termination date.
Expiration date clause for automatic renewal with annual review
This variation applies when the contract renews automatically but requires an annual review.
This Agreement shall expire on [insert expiration date], but will automatically renew for successive one-year terms unless terminated by either party. The parties agree to conduct an annual review of the Agreement and make modifications if necessary before each renewal.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.