Such taxes and transaction costs are calculated and paid by the Customer in excess of the Service fee by the Customer. Smartcat is not responsible for any of the Customer’s taxes and transaction costs. </p> 3. TERM AND TERMINATION Back to top <p> 3.1 <b>Term. Renewal.</b> <br> (a) Unless earlier terminated as set forth below, this Agreement commences on the Effective Date and shall continue for a term of twelve (12) months. Upon expiration of this initial term, this Agreement will automatically renew for additional twelve (12) month terms successively, unless either party gives notice to the other at least thirty (30) calendar days prior to the expiration of any such term of its intention to terminate this Agreement unless specified otherwise in the Annexes.