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ARTICLE VII - TERM AND TERMINATION • <br /> 7 TERM AND TERMIIdATION <br /> 7.1 Contract Term <br /> The term of this Agreement shall commence on October 1, 1994 and shall continue in Rill <br /> force and effect except as stated below until December 31, 1998. <br /> 7.2 Termination <br /> Hither party may terminate this agreement upon sixty(60)day written notice.MCTT may <br /> terminate this agreement immediately►upon a aujor breach in service or duty by Medtox. <br /> 7.3 Renewal Rata <br /> Medtox wM subanit any proposed cWV In rates in wrfhg to MCIT aWy(60)days <br /> prior to the date of teradnation. Rate charge beomw effctiv+e on the date that it is <br /> accepted invr t6 by MC1T;daring the interim%the old me is fie. <br /> 14 <br />