Common use of Responsibilities after Termination Clause in Contracts

Responsibilities after Termination. Following the termination of this Agreement for any reason, the Town shall promptly pay the Developer according to the terms of the Overview for Services rendered before the effective date of the termination (the “Termination Date”). The Developer acknowledges and agrees that no other compensation, of any nature or type, shall be payable hereunder following the termination of this Agreement. All intellectual property developed pursuant to this Agreement before the Termination Date shall be delivered to the Town within thirty (30) days of the Termination Date.

Responsibilities after Termination. Following the termination of this Agreement for any reason, the Town shall promptly pay the Developer according to the terms of the Overview for Services rendered before the effective date of the termination (the “Termination Date”). The Developer acknowledges and agrees that no other compensation, of any nature or type, shall be payable hereunder following the termination of this Agreement. All intellectual property developed pursuant to this Agreement before the Termination Date shall be delivered to the Town within thirty (30) days remain property of the Termination DateDeveloper.