Common use of Authorization and Termination Clause in Contracts

Authorization and Termination. SMART may review from time-to-time the Reseller’s authorization. SMART reserves the right to terminate Reseller’s authorization with or without cause (i.e. for convenience) at any time without notice, in which case this agreement shall terminate. In the event of such termination SMART shall have no liability or further obligation to Reseller. Reseller may terminate this agreement at any time by providing written notice to SMART. SMART may periodically terminate the authorization of resellers who have limited active sales.

Appears in 2 contracts

Sources: Authorization Agreement, Authorization Agreement