This Agreement shall be effective from date signed in Agreement to 31 December 2013, unless extended or terminated earlier by mutual written agreement between the parties. Unless otherwise agreed, this Agreement shall be subject to a renewal on a yearly basis and the parties shall reach an agreement on the terms for the renewal of this Agreement before 30 November of every year. In the event that the parties are unable to reach an agreement on the renewal terms, the Agreement will expire on 31 December of the relevant year.