subsists on a year to year basis unless terminated

Dear teachers,

Would you be kind enough to give me your considered opinion concerning the equivalency of the following two sentences?

This Agreement subsists on a year to year basis unless terminated =

This Agreement takes effect on the date the order is placed with ….. and will continue until terminated in accordance herewith….

V.

I'd say they're different- the first would need to be renewed every year.

What do you think about "Our contractual agreements with fuel merchants typically have initial terms of one year and automatically renew on a year-to-year basis unless either party gives notice of termination."

V.

In what sense? It sounds fine but it still doesn't sound the same as the second.

Hi Tdol,

Thank you that you are skeptical about my consecutive abortive attempt at interpretation of a complicated legal specific expression. It’s too obvious that I am not up to it. Manifestly the time is yet ripe to leave off beating the air.

V.

Sorry- I have reread and if you mean this sentence as a version of the first sentence in your original post, then I agree. :up:

Hi Tdol,

Thank you for your backing.

V.