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Company Obligations Upon Termination
Company Obligations Upon Termination contract clause examples

Consultant hereby acknowledges and agrees that all property, including, without limitation, all books, manuals, records, reports, notes, contracts, lists, blueprints, and other documents, or materials, or copies thereof, Proprietary Information, and equipment furnished to or prepared by Consultant or its Agents in the course of or incident to its rendering of services to the Company, including, without limitation, records and any other materials pertaining to Invention Ideas belong to the Company and shall be promptly returned to the Company upon termination of the Consulting Period. Following termination, neither Consultant nor any of its Agents will retain any written or other tangible material containing any Proprietary Information.

Return of Property. All documents, records, and materials, and all copies of any of the foregoing, pertaining to Confidential and Proprietary Information, and all equipment and supplies of the Company, whether or not pertaining to Confidential and Proprietary Information, that come into the Consultant’s possession or are produced, developed, created or invented, by the Consultant in connection with the Consulting Services (“Property”) are and shall remain the sole and exclusive property of the Company. Upon the termination of this Agreement, or at such earlier time as requested by the Company, the Consultant agrees to return and surrender to the Company forthwith (or cause to be returned and surrendered to the Company) all such Property, and not to retain in any form, or copy, in whole or in part, any such Property. The Company shall have the right of specific performance to obtain all such Property (in addition to all other remedies and damages available).

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