7. Term and Termination
7.1. This Agreement shall automatically expire and be deemed terminated upon the date of the happening or occurrence of any one of the following events or conditions, whichever shall first occur:
i) Mutual agreement of the Parties to terminate the Agreement in writing
ii) The expiration of one (1) year period commencing from the effective date of this Agreement unless such period is extended by mutual agreement of the Parties.
7.2. The provisions of article 3 (Confidentiality), clause 4 (Intellectual Property Rights), clause 5 (General Limitation of Liability), clause 12 (Disputes and Governing Law), and other terms which by their terms or meaning are of continuing nature, shall survive any termination of this Agreement.