General Effects of Expiration or Termination Sample Clauses
The "General Effects of Expiration or Termination" clause defines what happens to the rights and obligations of the parties when a contract ends, either by reaching its natural expiration date or through early termination. Typically, this clause clarifies which provisions of the agreement will continue to apply after termination, such as confidentiality, payment of outstanding amounts, or dispute resolution, and which obligations will cease. Its core practical function is to ensure both parties understand their ongoing responsibilities and to prevent confusion or disputes about what survives the end of the contractual relationship.
General Effects of Expiration or Termination. Upon the termination of this Agreement or the expiration of the Term, Article I (Definitions), Section 3.4 (for the period set forth therein), Article VI (Product Trademark; Intellectual Property Litigation), Article VIII (Confidentiality; Taxes; Nonsolicitation), Article IX (Representation, Warranties and Covenants) (with respect to breaches thereof as of the Signature Date), this Article X (Term; Termination), Article XI (Indemnification and Liability Limits) and Article XIII (Miscellaneous) shall survive any expiration or termination of this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall the termination or expiration of this Agreement affect any Party’s obligation to pay any amounts owed to any other Party as of the time of such termination or expiration or release either Party of any other obligation or liability which, at the time of such expiration or termination, has already accrued to the other Party or which is attributable to a period prior to such expiration or termination. Except as otherwise expressly provided in this Article X and as may be awarded under the ruling of a Neutral, all rights and obligations of the Parties under this Agreement shall terminate upon expiration or termination of this Agreement for any reason. [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
General Effects of Expiration or Termination. (i) Expiration or termination of this Agreement for any reason shall not release either Party of any obligation or liability which, at the time of such expiration or termination, has already accrued to the other Party or which is attributable to a period prior to such expiration or termination.
(ii) Notwithstanding anything herein to the contrary, termination of this Agreement by a Party shall be without prejudice to other remedies such Party may have at law or equity.
General Effects of Expiration or Termination. Expiration or termination of this Agreement for any reason shall not release either Party hereto from any liability that at the time of such termination or expiration has already accrued to the other Party. Upon the expiration or any termination of this Agreement, (i) the provisions of Articles 1-10 shall survive, and (ii) any sublicenses granted by a Party in accordance with this Agreement shall survive, provided that the applicable sublicensee agrees in writing to be bound by the applicable terms of this Agreement. Except as otherwise expressly provided in this Article 9, all other terms and conditions of this Agreement shall terminate upon expiration or termination of this Agreement.
General Effects of Expiration or Termination. (i) Bukwang will have the right to receive all payments accrued prior to the effective date of termination;
(ii) termination or expiration of this Agreement for any reason shall have no effect on the parties’ obligations under Articles 9, 11, 12 and 13 or their respective rights in Joint Know-How or Joint Inventions; and
(iii) the parties’ shall retain any other remedies for breach of this Agreement they may otherwise have.
General Effects of Expiration or Termination. (a) Except as otherwise expressly provided in this Article X, all rights and obligations of the Parties under this Agreement shall terminate upon expiration or termination of this Agreement for any reason.
(b) Notwithstanding anything contained in this Agreement to the contrary, in no event shall the expiration or termination of this Agreement affect any Party’s obligation to pay any amounts owed to any other Party as of the time of such expiration or termination or release either Party of any other obligation or liability which, at the time of such expiration or termination, has already accrued to the other Party or which is attributable to a period prior to such expiration or termination.
(c) Upon the expiration or termination of this Agreement, Articles I, XI and XII and Sections 3.3(d) (for the period specified therein), 4.6 (inclusive, with respect to the period [***]Certain confidential information contained in this document, marked by brackets, has been omitted because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed. prior to the effective date of termination), 4.8 (for the period specified therein), 4.9 (with respect to the period prior to the effective date of termination), 5.5 (with respect to any Product sold before termination), 6.2, 8.1 (for a period of five (5) years after the effective date of termination) 8.6 (for a period of twelve (12) months after the effective date of termination), 9.4, 9.5(a)(iii) (for the period specified therein), 10.3, 10.4 and 10.5 (in the circumstances provided therein) shall survive and remain in effect.
General Effects of Expiration or Termination. (a) If (i) Alvogen or Pfenex has no interest in extension of cooperation after expiry of this Agreement pursuant to Section 10.1, or (ii) Alvogen receives a termination notice from Pfenex pursuant to Section 10.2(a), or (iii) Alvogen delivers a termination notice to Pfenex pursuant to Section 10.2(b), except if Pfenex delivers termination notice due to breach of this Agreement by Alvogen’s Sublicensee, then, in each case, Alvogen shall notify Sublicensee on lack of interest of continuation of cooperation, or termination notice and inquire of Sublicensee’s interest to discuss execution of the New Agreement or supply agreement directly with Pfenex. If Sublicensee does not respond within thirty (30) days, or confirms lack of interest in negotiating the New Agreement or supply agreement, this Agreement shall be terminated in line with Section 10.2. However, if Alvogen’s Sublicensee shows interest in execution of agreement with Pfenex within such thirty (30) day period, Pfenex and Sublicensee shall initiate discussions with the aim of execution of such agreement within hundred and twenty (120) days. If Pfenex and Sublicensee sign the New Agreement or supply agreement, this Agreement shall be terminated and termination consequences stipulated in Section 10.6 shall apply.
(b) Except as otherwise expressly provided in this Article X, all rights and obligations of the Parties under this Agreement shall terminate upon expiration or termination of this Agreement for any reason.
(c) Notwithstanding anything contained in this Agreement to the contrary, in no event shall the expiration or termination of this Agreement affect any Party’s obligation to pay any amounts owed to any other Party as of the time of such expiration or termination or release either Party of any other obligation or liability which, at the time of such expiration or termination, has already accrued to the other Party or which is attributable to a period prior to such expiration or termination.
(d) Upon the expiration or termination of this Agreement, Articles I, XI and XII and Sections 3.3(d) (for the period specified therein), 4.6 (inclusive, with respect to the period prior to the effective date of termination), 4.8 (for the period specified therein), 4.9 (with respect to the period prior to the effective date of termination), 5.5 (with respect to any Product sold before termination), 6.2, 8.1 (for a period of five (5) years after the effective date of termination) 8.6 (for a period of twelve (12...
General Effects of Expiration or Termination. The expiration or earlier termination of this Agreement shall not relieve either Party of any obligation accruing under this Agreement prior to such expiration or termination. Any expiration or early termination of this Agreement shall be without prejudice to the rights of either Party against the other in respect of any financial obligations accrued under this Agreement prior to the effective date of such expiration or termination, including the obligation to pay royalties for Licensed Products sold prior to such date.
General Effects of Expiration or Termination. (a) Except as otherwise expressly provided in this Article X, all rights and obligations of the Parties under this Agreement shall terminate upon expiration or termination of this Agreement for any reason.
(b) Notwithstanding anything contained in this Agreement to the contrary, in no event shall the expiration or termination of this Agreement affect any Party’s obligation to pay any amounts owed to any other Party as of the time of such expiration or termination or release either Party of any other obligation or liability which, at the time of such expiration or termination, has already accrued to the other Party or which is attributable to a period prior to such expiration or termination.
(c) Upon the expiration or termination of this Agreement, Articles I, XI and XII and Sections 3.3(d) (for the period specified therein), 4.4 – 4.7 (inclusive, with respect to the period prior to the effective date of termination), 4.8 (for the period specified therein), 4.10 (with respect to the period prior to the effective date of termination), 5.5 (with respect to any Product sold before termination), 6.2, 8.1 (for a period of five (5) years after the effective date of termination) 8.6 (for a period of twelve (12) months after the effective date of termination), 9.4, 9.5(a)(iii) (for the period specified therein), 10.3, 10.4 and 10.5 (in the circumstances provided therein) shall survive and remain in effect.
General Effects of Expiration or Termination. To the extent this Agreement expires or terminates in its entirety, the following shall apply:
General Effects of Expiration or Termination