Common use of Term, Termination and Assignment Clause in Contracts

Term, Termination and Assignment. 6.1 Validity of sponsorship: 1 year after the subscription gets activated by GYGA with automatic renewal. The sponsorship will be renewed automatically on annual basis. In case Sponsor wants to end the subscription, Sponsor must inform ▇▇▇▇ accordingly, at least 3 months before the end of the running period. 6.2 The Agreement will terminate automatically if Sponsor fails to comply with the limitations described above or otherwise commit any material breach of the terms hereof. 6.3 This Agreement ends immediately in case of bankruptcy, (provisional) suspension of payment, closing down c.q. liquidation of the company of Sponsor. 6.4 If this Agreement ends, ▇▇▇▇ shall remain at all times the owner of the DATA.

Term, Termination and Assignment. 6.1 Validity of sponsorship: 1 year after the subscription gets activated by GYGA with automatic renewal. The sponsorship will be renewed automatically on annual basis. In case Sponsor wants to end the subscription, Sponsor must inform ▇▇▇▇ GYGA accordingly, at least 3 months before the end of the running period. 6.2 The Agreement will terminate automatically if Sponsor fails to comply with the limitations described above or otherwise commit any material breach of the terms hereof. 6.3 This Agreement ends immediately in case of bankruptcy, (provisional) suspension of payment, closing down c.q. liquidation of the company of Sponsor. 6.4 If this Agreement ends, ▇▇▇▇ GYGA shall remain at all times the owner of the DATA.