Article 3: Term 3.1. Term: This Agreement shall be in force from the signature date. The term of the lease Will commence from the Opening Date of the Premises.3.2 Three months prior to the expiry of the term of this Agreement, the parties shall negotiate and execute a new agreement which Will determine the Rent, the payment conditions, deposit and other conditions pertaining to the Lease Agreement in accordance with the then market conditions. However, in the event that the parties cannot reach a consensus, then the Agreement shall be considered to be renewed for a period of one year. In this case, the Rent fee shall be increased at the parity of USD CPI.