Common use of Consequences of Revocation Clause in Contracts

Consequences of Revocation. In the event of an effective revocation of a paid version, the services received by both parties must be returned imme- diately, but no later than within 14 days, and any benefits derived (e.g. interest) must be surrendered. If you are unable to return the received services to MeisterLabs or are only able to return them in part or in a deteriorated condition, you may have to compensate MeisterLabs for the loss of value. You must fulfill any obligations to refund payments within 30 days of sending your notice of revocation.

Appears in 2 contracts

Sources: General Terms and Conditions, General Terms and Conditions