Common use of Effect of Resignation Clause in Contracts

Effect of Resignation. Upon Company’s resignation, the provisions of this Agreement shall terminate. Notwithstanding the foregoing, Company shall remain bound by any and all obligations to grant GS1 US Royalty-Free Licenses and/or RAND Licenses that arose pursuant to the terms of this Agreement before the date of Company’s resignation from the GS1 US Work Group.

Appears in 2 contracts

Sources: Gs1 Us Rfid Implementation Program Agreement, Gs1 Us Initiative Agreement