12.1 The Term of the Contract shall be for an initial period as set out in the Quotation, which will then roll for a further period of a year unless terminated by either party on no less than 30 days’ written notice, such notice to expire no earlier than the end of that year.
12.2 If the Client commits a material breach of the Contract (which shall include any failure to make payment within 7 days after the due date) the Company may terminate the Contract by giving not less than 3 days’ written notice to that effect to the Client.
12.3 The Company may terminate the Contract at any time by giving not less than 7 days’ written notice to that effect to the Client. Subject to Condition 12.4, the Client may not terminate the Contract for any reason during the Term.
12.4 If an event or circumstance which gives rise to relief from liability under Condition 10.4 continues for a period of more than 30 days, either party will be entitled to terminate the Contract by giving not less than 3 days’ written notice to that effect to the other party.
12.5 Following expiry or termination of the Contract any Conditions which expressly or impliedly continue to have effect after expiry or termination of the Contract will continue in force; and all other rights and obligations will immediately cease without prejudice to any rights, obligations, claims (including claims for damages for breach) and liabilities which have accrued prior to the date of expiry or termination.
12.6 Within 7 days after the date of expiry or termination of the Contract each party will, subject to the exception set out in Condition 12.7, if requested to do so, return to the other party all of the other party’s Confidential Information (including all copies and extracts) in its possession or control and cease to use the other party’s Confidential Information.
12.7 Each party may retain any of the other party’s Confidential Information which it has to keep to comply with any applicable law or which it is required to retain for insurance, accounting or taxation purposes. The provisions of Condition 18 will continue to apply to retained Confidential Information.