Common use of Other Consequences of Termination Clause in Contracts

Other Consequences of Termination. Except with respect to any surviving rights and obligations as expressly provided in this Article 9, upon any termination of this Agreement, all rights and licenses granted hereunder shall terminate and each party shall return to the other party all of the other party’s Confidential Information (other than with respect to maintaining one (1) archival copy of such Confidential Information related thereto for its legal files, for the sole purpose of determining its obligations under this Agreement) and proprietary materials of the other party in its possession, in each case unless included in, or necessary to practice, any rights which survive such termination, and each party shall provide the other party with certification by an officer of such party that all such Confidential Information and proprietary materials have been destroyed or returned to the other party, as appropriate.

Appears in 2 contracts

Sources: Collaboration Agreement (Martek Biosciences Corp), Collaboration Agreement (Martek Biosciences Corp)