General Consequences of Termination Sample Clauses

The "General Consequences of Termination" clause outlines the rights and obligations of the parties when a contract is ended, whether by expiration or early termination. Typically, it addresses issues such as the return of confidential information, payment for services rendered up to the termination date, and the cessation of ongoing obligations. For example, it may require each party to return property belonging to the other or to settle outstanding invoices. The core function of this clause is to ensure a clear and orderly winding down of the contractual relationship, minimizing disputes and clarifying what each party must do once the contract ends.
General Consequences of Termination. On termination of this Agreement, the accrued rights of the Parties are not affected; each Party has the right to repossess any of its property (including Confidential Information) in the other Party’s possession, custody or control; and clauses of this Agreement that are expressed to, or by their nature, survive the termination or expiry of this Agreement will survive and continue in effect.
General Consequences of Termination. Except as explicitly set out otherwise in this Agreement, the expiry or termination of this Agreement shall have the following consequences: 12.1.1 Each Party shall return the other Party's Confidential Information disclosed under this Agreement within fourteen (14) days after expiry or termination of this Agreement and receipt of a respective request from the Disclosing Party, subject to retention of one archival copy which shall be kept confidential and may be used solely for the purpose of monitoring compliance with the confidentiality and non-use provisions of this Agreement.
General Consequences of Termination. 12.1 If notice of termination is given, each Party shall have, during the applicable notice period, the same rights, obligations and privileges under this Agreement in the same manner and to the same extent as in case such notice had not been given. 12.2 DISTRIBUTOR shall return to COMPANY all samples, documents and other items which have been supplied to it in connection with the performance of the Agreement on the effective date of termination of the Agreement. The COMPANY hereby accepts the return of all remaining inventory of Distributor against its original purchase price and shall procure to take all measures in relation thereto. 12.3 DISTRIBUTOR shall cease to promote, market or advertise the Products. All orders for the Products placed by the customers in the Territory before the date of termination shall be fulfilled by DISTRIBUTOR upon the terms and conditions of this Agreement. 12.4 After the termination of the Agreement DISTRIBUTOR shall refrain from any use of the name, trade marks and trade name of COMPANY and similar names, trade marks and trade names and any other intellectual property rights pertaining to COMPANY. Distributor shall remove and in as far as is possible return all logo’s and other signs in relation to the trade name referred to above. 12.5 Upon the expiration of this Agreement or its termination, both Parties will not be entitled under local law or otherwise to receive any payment from the other Party, whether for actual, consequential, indirect, special or incidental damages, costs or expenses, whether foreseeable or unforeseeable any right to which hereby the other Party waives and disclaims, except for the amounts due hereunder.
General Consequences of Termination. In the event of a termination of this Agreement for any reason in its entirety or with respect to a specific Licensed Compound, as applicable, for a period of [***] following the effectiveness of termination, Licensee may sell then-existing inventory of Licensed Products containing the terminated Licensed Compound(s) owned by Licensee or any of its Affiliates as of the effective date of such termination, provided that (a) Licensee pays to Sanofi royalties owing thereon pursuant to Section 6.3.1 (Royalty Rates) hereof, and (b) Licensee has been granted all Market Approvals necessary to sell such Licensed Products prior to the effective date of any such termination.
General Consequences of Termination. (a) Following termination of this Agreement, Mogo will deliver any Products remaining to be delivered pursuant to Purchase Orders that were accepted prior to such termination or expiration, and, unless this Agreement has been terminated pursuant to Section 7.2 as a result of Dealer’s uncured material breach, shall complete the performance of any outstanding Mogo Dealer Services included with the Products having been purchased. Following termination, Dealer shall pay all amounts accrued and owing, or that become due and payable following the date of termination or expiration, at such times as the amounts would otherwise come due in the ordinary course. Notwithstanding the foregoing, in the event that this Agreement has been terminated due to Dealer’s breach, Mogo shall have no obligation to deliver any Products Mogo Dealer Services following termination, or may, at its election, require advance payment for any such deliveries. (b) Following Mogo’s performance of obligations arising under the preceding paragraph, Dealer’s appointment as a reseller under this Agreement shall be null and void, provided that Dealer shall retain the right to sell or otherwise distribute Products having already been purchased under this Agreement.
General Consequences of Termination. Upon termination of this Agreement for whatever reason, (i) neither Party shall have any further obligation to the other pursuant to this Agreement, except to the extent expressly provided in this Section 8.5 or in Section 8.6, and (ii) each Party shall cooperate with the other to effect any transfer of rights, title, or interest required by this Agreement.
General Consequences of Termination. 15.1 If notice of termination is given, the Company and the Distributor shall each have, during the applicable notice period, the same rights, obligations and privileges under this Agreement in the same manner and to the same extent as in case such notice had not been given. 15.2 After the termination of the Agreement the Distributor shall refrain from any use of the name, trade marks and trade name of the Company and similar names, trade marks and trade names.
General Consequences of Termination. If this Agreement expires or is terminated for any reason, then: 19.9.1. the license in Section 13.2 immediately terminates and Mobileye will not have any further right to use any LiDAR Background Technology or LiDAR Foreground Technology; 19.9.2. any SOWs then in force will terminate immediately; and 19.9.3. termination of this Agreement will not affect any rights, remedies, obligations, or liabilities of the parties that have accrued up to the date of termination.
General Consequences of Termination. (a) Effective immediately upon termination of this Contract, all licenses granted under this Contract will become void, and neither Party will have continuing rights to use any Proprietary Information of the other Party or to exercise any Intellectual Property Rights having been licensed under this Contract, provided that Streamline shall retain a non-exclusive, royalty-free perpetual license (i) to use the Licensed Software and Software Documentation solely for purposes of providing support to such of its customers who have entered into Qualified Sublicenses during the Contract Period and/or Wind-Down Period (defined below); (ii) to modify the Licensed Software for purposes of performing maintenance, including, by way of example, correction of code errors; and (iii) to reproduce and distribute copies of the Licensed Software containing corrections and “bug fixes” to customers who have entered into Qualified Sublicenses during the Contract Period and/or Wind-Down Period. (b) Notwithstanding the preceding Section 7.5(a), following termination of this Contract, Streamline and its resellers and distributors shall have the right, for up to 180 days following the date of expiration or termination (the “Wind-Down Period”), to fulfill customer orders for Covered Offerings having been received prior to the date of expiration or termination or during the Wind-Down Period, provided that any distribution remains subject to Qualified Sublicenses. (c) Subject to Streamline’s rights in the preceding Section 7.5(a) and Section 7.5(b), as soon as can reasonably be accomplished after this Contract is terminated, each Party will discontinue all other uses and will return the Proprietary Information and proprietary materials of the other Party. If a Party has payment obligations that have accrued but remain unpaid at the time of expiration or termination, the Party will make prompt payment after the expiration or termination. (d) Notwithstanding the foregoing, Montefiore acknowledges that Streamline may from time to time during the Contract Period develop Independent Offerings. Notwithstanding the termination or expiration of this Contract, Montefiore agrees that Streamline shall have the right to commercialize all Independent Offerings and, as between the Parties, Streamline shall have the non-exclusive right to exploit any Intellectual Property Rights that are embodied in, practiced by, or associated with such Independent Offerings, without obligation to pay royalties of a...
General Consequences of Termination. 18.1 Following the service of a Termination Notice for any reason, the Delivery Partner shall continue to provide and/or procure the provision of the Service Provision and shall ensure that there is no degradation in the standards of the Service Provision until the expiry of the Termination Period. 18.2 On the Termination of this Agreement, the Delivery Partner shall: (a) repay to BVSC any amount which it may have been paid in advance in respect of the Service Provision not provided or procured by the Delivery Partner as at the Termination date; and (b) repay to BVSC any amount which it may have been paid in respect of Prohibited Expenditure; and (c) provide access, during normal working hours, to BVSC and/or any successor for up to 12 months after the expiry or termination of this Agreement to: (i) such information relating to the Service Provision as remains in the possession or control of the Delivery Partner; and (ii) such members of the Delivery Partner's Team as have been involved in the development and provision of the Service Provision and who are still employed by the Delivery Partner, provided that BVSC and/or any successor shall pay the reasonable costs of the Delivery Partner actually incurred in responding to requests for access under this clause 18.2(c) unless this Agreement has been terminated by BVSC pursuant to clause 12.3 in which event such costs shall be for the sole account of the Delivery Partner.