Agreements Periods

If the effective date is February 1, 2017, the end date is February 1, 2021. Does the contract expire on February 1, 2021 or the end of January 31, 2021? In other words, is the term included or exclusive to February 1, 2021? In some cases, such as credit agreements, it could be important that 2020 is a leap year. The approach taken by the Court of Cassation must be taken in the light of a similar position with regard to agency agreements. In a decision of 23 June 2015, the Court of Cassation recalled that the status of commercial agent whose application requires the final conclusion of the commercial agent contract between the parties did not preclude the granting of a trial period and that the commercial agent was not entitled to the legal termination indemnities if the commercial agent contract was terminated before the end of this trial period[2]. In these cases, the contract usually stipulates that it is renewed for defined periods for a number of paintings. Contracts often give a party a unilateral right to renew the contract after it is elected. In this example, Party A and Part B have entered into a contract in which Party A has the right to extend successive periods of one year. Party A does this for two years, then stops. Home News Economy Law Distribution contracts and contractual trial contracts Employment contracts must contain certain clauses. Additional clauses should be adopted that meet the needs of the organization and staff. Instead, you can consider creating two separate agreements. A confidentiality agreement for your trade secrets and another non-compete agreement.