This contract is valid for a period of one year, and when that period is due if you do not have a partner party dismiss the contract, in effect, continue for 1 year, automatically renewed.
The agreement is effective for a period of one year and at the end of such period unless either party terminates the agreement to go into effect for the next term of one year automatically.
This contract effective for 1 years. And at the end, the parties terminate the contract if no party has forced further each time 1 years automatically.