Illustrative example
Service agreement
Draft for signature
4.1 Term. This Agreement commences on the Effective Date and continues for an initial period of twenty-four (24) months.
4.2 Renewal. Unless terminated in accordance with clause 7, this Agreement shall renew automatically for successive periods of twelve (12) months.
7.2 Termination. Either party may terminate with effect from the end of the then current period by giving not less than ninety (90) days written notice.
9.1 Liability. The Supplier’s aggregate liability under this Agreement shall not exceed the fees paid in the three (3) months preceding the claim.
11.3 Fees. The Supplier may adjust the Fees once per calendar year on thirty (30) days notice.
Illustrative example
Lawgent
Contract review
3
Provisions requiring attention
90 days
Termination notice identified
Yes
Automatic renewal identified
4
Questions to consider before signing
Each point is set out in full in the written review, tied back to the clause it comes from.