But if the contract is to be extended, there must be an agreement at least 60 days prior to the anniversary of the signing. Licensees who do not choose to renew their contract have the option of terminating the MNLA by notifying the licensor at least 30 days prior to the anniversary of the signing of the agreement. The MNLA is governed by the laws of a state determined by the two parties. But if neither option is practical, the licensor may discontinue the license on 30 days' notice and refund the unamortized portion of the fees to the licensee. The viability of the agreement will be assessed after one year.
MNLA users are welcome to provide comments and recommendations.
This page was last modified on 4 April, 2000.