Common use of Rights and Obligations of the Parties on Termination Clause in Contracts

Rights and Obligations of the Parties on Termination. All rights and obligations of Parties shall, subject to Sub-article 44.6, cease upon termination of this Contract, except for any obligation or liability imposed or incurred under this Contract prior to the date of termination.

Appears in 3 contracts

Sources: Production Sharing Contract, Production Sharing Contract (Kosmos Energy Ltd.), Production Sharing Contract (Kosmos Energy Ltd.)