retread 7
I don't know if you are right or NC. Can you please decipher the following from RP07?
2.1 The Period of Validity of this agreement is for a twenty month period from 1st May 2007 to 31st December 2008
2.2 At the end of the Period of Validity, the agreement will be automatically renewed in its entirety for a further period of two years and will remain in full force and effect unless either party gives notice to the other in accordance with section 27 save that the Period of Validity shall then be for a two year period from 1st January 2009 to 31st December 2010.
Section 27
27.1 During the Period of Validity of the Agreement, either party to the Agreement may give notice of its intention to terminate the Agreement at the end of the Period of the Period of Validity by giving to the other party not less than three (3) months' written notice of such intent.
27.2 Where notice in accordance with 27.1 is given, the Agreement will remain in full force and effect until the end of the Period of Validity.
So what happens if CX says it wants to terminate? What is our fall back position?