H4 Consequences of Termination Clause Samples

The "Consequences of Termination" clause defines what happens to the rights and obligations of the parties when a contract is ended. Typically, it outlines which provisions survive termination, such as confidentiality or payment obligations, and details the process for returning property, settling outstanding payments, or ceasing use of intellectual property. This clause ensures both parties understand their responsibilities after termination, reducing disputes and clarifying the steps to wind down the contractual relationship.
H4 Consequences of Termination. Where ▇▇▇ terminates the Contract under Condition H2, or terminates the provision of any part of the Contract under that Condition, and then makes other arrangements for the provision of Services, ▇▇▇ shall be entitled to recover from the Contractor the cost of making those other arrangements and any additional expenditure incurred by ▇▇▇ throughout the remainder of the Contract Period. Where the Contract is terminated under Condition H2, no further payments shall be payable by ▇▇▇ to the Contractor until ▇▇▇ has established the final cost of making those other arrangements.
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H4 Consequences of Termination. Where Solihull MBC terminates the Contract under H2 or H5.4, or terminates the provision of any part of the Contract, and then makes other arrangements for the provision of Services, Solihull MBC shall be entitled to recover from the Contractor the cost reasonably incurred of making those other arrangements and any additional expenditure incurred by Solihull MBC throughout the remainder of the Initial Term. Where the Contract is terminated under H2 or H5.4, no further payments shall be payable by Solihull MBC to the Contractor until Solihull MBC has established the final cost of making those other arrangements.
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H4 Consequences of Termination. Where the Council terminates the Agreement under clause H2, or terminates the provision of any part of the Agreement under that clause H2, and then makes other arrangements for the provision of Services, the Council shall be entitled to recover from the Service Provider the cost reasonably incurred of making those other arrangements and any additional expenditure incurred by the Council throughout the remainder of the Term or any Extension. The Council shall take all reasonable steps to mitigate such additional expenditure. Where the Agreement is terminated under clause H2, no further payments shall be payable by the Council to the Service Provider until the Council has established the final cost of making those other arrangements.
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Related to H4 Consequences of Termination

  • Consequences of Termination 10.2.1 Subject to any other right or remedy of the parties, the Collaboration Suppliers and the Buyer will continue to comply with their respective obligations under the [contracts] [Call-Off Contracts] following the termination (however arising) of this Agreement. 10.2.2 Except as expressly provided in this Agreement, termination of this Agreement will be without prejudice to any accrued rights and obligations under this Agreement.

  • TERMINATION AND CONSEQUENCES OF TERMINATION Either Party may immediately terminate this Agreement upon written notice if this other Party: materially breaches this Agreement, and such breach is incapable of cure, or, if the breach is capable of cure, fails to cure such breach within [NUMBER] days after receiving written notice of the breach; becomes insolvent or is generally unable to pay its debts as they become due; files, or has filed against it, a petition for voluntary or involuntary bankruptcy, or otherwise becomes subject, voluntarily or involuntarily, to any proceeding under any domestic or foreign bankruptcy or insolvency law; makes or seeks to make a general assignment for the benefit of its creditors; applies for, or has appointed, a receiver, trustee, custodian, or similar agent by order of a court of competent jurisdiction to take charge of or sell any material portion of its property or business; or is dissolved or liquidated. The expiration or termination of this Agreement shall not affect any rights or obligations that: (i) are intended to survive such expiration or termination; and (ii) were incurred by the Parties prior to such expiration or termination. Upon the expiration or termination of this Agreement for any reason, each Party shall promptly: [return to the other Party/destroy] all documents and tangible materials (including any copies) containing, reflecting, incorporating, or based on the other Party’s Confidential Information; permanently erase all of the other Party’s Confidential Information from its computer systems, [except for copies that are: (i) required to be retained under applicable laws; or (ii) maintained as archive copies on its disaster recovery or information technology backup systems, which shall be destroyed upon the normal expiration of such backup files, or as otherwise required by law]; and certify in writing to the other Party that it has complied with these requirements.