A fixed-term contract which continues to be performed by both parties after its term is deemed to be converted into a contract of indefinite duration.
Where the agency contract is of indefinite duration, either party may terminate it by giving notice. The provisions of this article shall apply to a fixed-term contract converted into an open-ended contract. In this case, the calculation of the period of notice shall take into account the preceding fixed-term period.
The period of notice shall be one month for the first year of the contract, two months for the second year commenced, three months for the third year commenced and subsequent years. In the absence of an agreement to the contrary, the end of the notice period coincides with the end of a calendar month.
The parties may not agree shorter notice periods. If they agree on longer periods, the period of notice provided for the principal must not be shorter than that provided for the agent.
These provisions do not apply where the contract is terminated as a result of gross negligence on the part of one of the parties or the occurrence of force majeure.