Cease Representation of Affiliation and Distribution of Funds Clause Samples

Cease Representation of Affiliation and Distribution of Funds. Upon termination of this Agreement for any reason, the Chapter shall cease to represent in any way that it is affiliated with IVAW and shall return all Intellectual Property in accordance with Section 4.1. The Chapter shall also transfer all remaining funds raised since the date of its affiliation with IVAW, including endowed funds or other donor-restricted funds and un-endowed and unrestricted funds, to IVAW or another domestic chapter of IVAW, subject to the restrictions of the Chapter’s Organizational Documents and governing state and Federal laws.