How long is the initial term of the Agreement effective?

The correct answer indicates that the Agreement has a defined expiration date, making it clear and straightforward for both parties involved. This specificity is important as it establishes a clear timeframe for the contractual obligations and expectations. By having a specified expiration date, the parties can plan their activities and resources accordingly, knowing when the Agreement will come to an end unless renewed or extended.

This approach helps to avoid ambiguity regarding the duration of the Agreement, allowing all parties to be fully aware of their commitments within that time frame. While some options discuss completion of the project or renewal terms, these do not provide the same clarity and fixed term that an expiration date offers. The presence of a defined end date facilitates better project management and accountability between the contractor and the contracting authority.