Common use of General Consequences of Termination Clause in Contracts

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.