Contract Term: Subject to the early termination provisions, this Agreement begins on the effective date and expires without notice one year later (the «Agreement Term»). For the duration of this agreement seems to be a harmless sentence, but most of the time it is superfluous. The rules that govern many contracts are contained in specialized statutes dealing with certain subjects. Most countries have, for example, statutes that deal directly with the sale of property, leasing transactions and business practices. .