Common use of DEATH AND INHERITANCE Clause in Contracts

DEATH AND INHERITANCE. 6.1 Upon the demise of a Distributor, the deceased’s independent business may be transferred to the deceased Distributor’s beneficiary subject to the relevant laws of Malaysia. 6.2 For independent business owned jointly, such as a husband and wife, upon the death one spouse, all the rights, titles, interests and benefits under their joint independent business shall be vested in the surviving spouse, unless otherwise stipulated in a Will. 6.3 In cases where a Distributor disposes of an Independent Business in a Will, the Company will recognize the terms of the transfer, provided the beneficiary is a Distributor who is in compliance with the Rules.