EFFECTIVE DATE; DURATION; TERMINATION. 1. This Agreement shall be effective from , 20 through , 20 << Insert Term of no longer than 50 years. >>, unless amended, in writing, by mutual agreement of the Parties. Notwithstanding the above, the provisions concerning non-disclosure of Business Sensitive or OUO Information received under this Agreement shall survive the expiration of the term of this Agreement. 2. Upon expiration of this Agreement, or at any time prior thereto upon the written or oral request of WAPA, Licensee shall take all necessary steps to ensure that any and all individuals in possession of Business Sensitive or OUO Information pursuant to Section C of this Agreement immediately cease to use Business Sensitive or OUO Information received from WAPA. In such event, Licensee shall either (a) appropriately destroy all of the Business Sensitive or OUO Information, including copies thereof, and furnish WAPA with a written certification of destruction or (b) at WAPA’s election, return all of the Business Sensitive or OUO Information to WAPA.
Appears in 2 contracts