7. Term and Termination (a) This agreement shall remain in effect for [three (3)] years unless terminated earlier in accordance with this Section 7. (b) In the event that either party shall be in default of its material obligations under this agreement and shall fail to remedy such default within sixty (60) days after receipt of written notice thereof, this agreement shall terminate upon expiration of the sixty (60) day period. (c) Upon the expiration of the term of this agreement, the parties may agree to renew this agreement for an additional [three (3)] year term, upon the same terms and conditions as set forth herein. No additional compensation shall be made to the Author unless provided for in Section 5 above. 8. Options/Contracts Third Parties Nothing contained in Section 7 shall affect any license or other grant of rights, options, or agreements made with third parties prior to the termination date or the rights of the College in the income resulting from such agreements. 9. Amendments The written provisions contained in this agreement constitute the sole and entire agreement made between the Author and the College concerning this Work, and any amendments to this agreement not be valid unless made in writing and signed by both parties. 10. Construction, Binding Effect, and Assignment This agreement shall be construed and interpreted according to the laws of the State of Tennessee and shall be binding upon the parties hereto, their heirs, successors, assigns, and personal representatives; and references to the Author and to the College shall include their heirs, successors, assigns, and personal representatives. IN WITNESS WHEREOF, the parties have duly executed this agreement as of the date written above. Author: ___________________________________________________ Address: ___________________________________________________ Date: ___________________________________________________
7. Term and Termination (a) This agreement shall remain in effect for [three (3)] years unless terminated earlier in accordance with this Section 7. (b) In the event that either party shall be in default of its material obligations under this agreement and shall fail to remedy such default within sixty (60) days after receipt of written notice thereof, this agreement shall terminate upon expiration of the sixty (60) day period. (c) Upon the expiration of the term of this agreement, the parties may agree to renew this agreement for an additional [three (3)] year term, upon the same terms and conditions as set forth herein. No additional compensation shall be made to the Author unless provided for in Section 5 above. 8. Options/Contracts Third Parties Nothing contained in Section 7 shall affect any license or other grant of rights, options, or agreements made with third parties prior to the termination date or the rights of the College in the income resulting from such agreements. 9. Amendments The written provisions contained in this agreement constitute the sole and entire agreement made between the Author and the College concerning this Work, and any amendments to this agreement not be valid unless made in writing and signed by both parties. 10. Construction, Binding Effect, and Assignment This agreement shall be construed and interpreted according to the laws of the State of Tennessee and shall be binding upon the parties hereto, their heirs, successors, assigns, and personal representatives; and references to the Author and to the College shall include their heirs, successors, assigns, and personal representatives. IN WITNESS WHEREOF, the parties have duly executed this agreement as of the date written above. Author: ___________________________________________________ Address: ___________________________________________________ Date: ___________________________________________________