Common use of Without Compensation Clause in Contracts

Without Compensation. In the event of expiry or termination of this Agreement in accordance with any Article 9(a), 9(b) or 9(c) above, the supplier shall not be obliged to distributor or any employed distributor for compensation or damage of any kind as a result of the loss of the distributor or such employee in the current or potential sale, investment, compensation or goodwill. The distributor shall, himself and on behalf of any of his employees, forgase himself and on behalf of each of his employees of any rights which may be granted to him in accordance with applicable law or otherwise which are not granted to him or her by this Agreement.10. Divestment period; Inventory Sales Period(s). Upon termination or expiry of this Agreement, the distributor shall have the right to sell his remaining inventory of products and spare parts on a non-exclusive basis as long as such inventory exists; provided that the distributor fulfils all the conditions of this Agreement, including those restricting the activities of the distributor. The rights of the distributor under this 10 (a) the supplier expressly applies to the ability of the supplier to purchase distributors' inventory of products and spare parts as provided for in Article 10(b) of this Decision.