Continuing Liability After Withdrawal Clause Samples
The "Continuing Liability After Withdrawal" clause ensures that a party who withdraws from an agreement remains responsible for obligations or liabilities that arose before their withdrawal. In practice, this means that even after a party formally exits a contract or partnership, they are still accountable for any breaches, debts, or responsibilities incurred during their participation. This clause is essential for protecting the interests of the remaining parties by preventing a withdrawing party from escaping liability for past actions or commitments.
Continuing Liability After Withdrawal. Should the Resident voluntarily withdraw from residence within thirty (30) days of the first day of occupancy, or during their occupancy, the actual date of Agreement termination will be defined as the date on which a new suitable occupant has been secured by the department of Student Housing & Residence Life to fill the vacancy for the remainder of the term specified in section 1.2 of this Agreement. Until such time, the Resident shall continue to remain liable on all of the terms, conditions and covenants contained in the Agreement, including, but not limited to, the obligation to pay the entire housing fees as set out in section 7.5 of this Agreement as well as all other sums of money that are required to be paid under the terms of this Agreement (hereinafter collectively called the “Housing Fees” or the “Residence Fees”). Without limiting the generality of the foregoing, should the Resident voluntarily withdraw from residence within thirty (30) days of the first day of occupancy, or during their occupancy, the Resident’s application fee shall be forfeited to the University. If the Resident is released from financial responsibility, refund amounts will be calculated based on the Refund Schedule found on the Student Housing & Residence Life website (▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇/housing/applying/cancellations-withdrawals).
Continuing Liability After Withdrawal. A Resident who elects to withdraw from the Residence shall remain liable for the Residence Fees and all other financial obligations under this Contract including, but not limited to, long distance phone calls and damage charges, for the full term outlined in paragraph 1.1, or until a suitable replacement as determined by Housing & Residence Life, not currently living in University provided accommodation, has taken occupation of the Resident’s financial responsibility.