Example ContractsClausesEffects of Termination
Effects of Termination
Effects of Termination contract clause examples

Effects of Termination. Upon termination of this Agreement, the terms of this [Section 11.6] shall apply. For clarity, if this Agreement is terminated only with respect to a Collaboration Target and not in its entirety, the terms of this [Section 11.6] shall apply only to the Terminated Target.

Upon expiration of the Term of this TSA:

Effects of Termination. In the event of any termination under this Section 3, the Consultant shall be entitled only to the Consulting Fees due and payable to the Consultant at the time of such termination and expenses (including reimbursements) incurred in accordance with Section 2(a) and (b) prior to the effective date of such termination, and no further payments of any kind will be due under this Agreement.

Effects of Termination. Upon any termination of this Agreement in its entirety or with respect to a Target, Product or Molecule:

Effects of Termination. If either Party terminates this Agreement prior to expiration of the Term pursuant to Article 12 (Term and Termination), then the provisions of this [Section 13.2] (Effects of Termination) will apply. If this Agreement is terminated solely with respect to one or more Licensed Products, but not in its entirety, then the following effects of termination will apply only with respect to such terminated Licensed Products. As referred to throughout this Article 13 (Effects of Expiration or Termination), the phrase “terminated Licensed Products” means, and is limited to, those Licensed Products with respect to which this Agreement has terminated. All of the effects of termination (but not expiration) set forth in this Article 13 (Effects of Expiration or Termination) are in addition to the other rights and remedies that may be available to either of the Parties under this Agreement and will not be construed to limit any such rights or remedies.

Effects of Termination. If this Agreement is terminated pursuant to Section 5.2, all licenses granted to Licensee will terminate commencing on the termination date. Notwithstanding anything to the contrary herein, the Parties reserve all rights and remedies, including damages and equitable relief, for breach of this Agreement by the other Party and nothing herein releases any Party from its respective obligations under this Agreement or prevents any Party from enforcing the terms and conditions of this Agreement against the other.

Expiration or termination of this Agreement for any reason will not release either Party from any obligation or liability which, at the time of such expiration or termination, has already accrued to the other Party or which is attributable to a period prior to such expiration or termination.

Without limiting any other legal or equitable remedies that either Party may have under this Agreement, in the event of a termination of this Agreement in its entirety, all rights and licenses granted to Coya under this Agreement shall immediately terminate and Coya and its Affiliates shall cease any and all Exploitation of the Licensed Compound and Products; provided that, any sublicense by Coya to a Third Party under any sublicense or license granted by ARScience Bio to Coya under this Agreement shall, at the Sublicensee’s written election delivered to ARScience Bio within 30 days of Coya being provided with written notice of such termination, survive such termination on the condition that the relevant Sublicensee is not, at the time of such termination, in material breach of any of its obligations under such sublicense. In order to effect this provision, at the request of the Sublicensee, ARScience Bio shall enter into a direct license with the Sublicensee on substantially the same terms as the applicable sublicense to the extent such terms relate to the sublicensed technology, provided that the financial terms of such direct license shall provide that ARScience Bio receive the same payment amounts as it would have received from Coya at the time of termination with respect to the sublicensed technology.

Effects of Termination. Upon termination of this Agreement with respect to a Licensed Product or, with respect to a Licensed Program, all Licensed Compounds and Licensed Products that are the subject of such Licensed Program (each a “Terminated Licensed Product”) shall terminate, and (in addition to any other rights and obligations under this Article 13 (Term and Termination)):

Effects of Termination. Upon any termination of this Agreement by either Party, the following [Sections 14.4(a) through 14.4(g)] will apply. For clarity, during the pendency of any termination notice period, all of the terms and conditions of this Agreement shall remain in effect and the Parties shall continue to perform all of their respective obligations hereunder.

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