Common use of Termination and Effect of Termination Clause in Contracts

Termination and Effect of Termination. a. Interactive Advisors may terminate this Agreement, for any reason or for no reason, upon thirty (30) days’ prior written notice to you. b. You may terminate this Agreement for any reason or for no reason upon thirty (30) days’ prior written notice to Interactive Advisors. The accrual of Fees shall cease immediately upon termination of this Agreement. c. Upon termination of this Agreement, or earlier upon Interactive Advisors' request, you shall immediately deliver over to Interactive Advisors (and will not keep, recreate or deliver to any other person) all Confidential Information, intellectual property and other property of Interactive Advisors, together with all copies thereof, in whatever medium recorded that you may have within your possession or control, delete same from all electronic storage systems, and certify that you have done so. Any Confidential Information we may receive, if any, is subject to Section 2 above, and will not be returned. d. You acknowledge that Interactive Advisors' sole obligation to you on termination with regard to the payment of Fees will be payment within ninety (90) days of termination, of those Fees, if any, due to you in accordance with the terms hereof. e. You agree that the termination provisions herein, in terms of both notice and default events, are reasonable and that you will not contest same by way of wrongful termination proceedings or otherwise under any applicable laws.