Client Disposition Sample Clauses
The Client Disposition clause outlines how a client's assets, information, or contractual interests are to be handled at the conclusion or termination of a business relationship. Typically, this clause specifies procedures for returning, destroying, or transferring client property, such as confidential documents, data, or physical materials, once services have ended. Its core practical function is to ensure a clear and orderly process for managing client-related materials, thereby protecting both parties' interests and reducing the risk of disputes over ownership or confidentiality after the contract ends.
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Client Disposition. Unless otherwise expressly agreed to in writing by Convergys, Client agrees that, in connection with any sale, transfer, assignment or other disposition of (I) all or substantially all of the assets of the Client, or (II) a majority of the stock of Client, whether in connection with a divestiture, spin-off, reorganization, business combination, recapitalization or similar corporate restructuring, or otherwise (a "Disposition"), unless this Agreement is terminated pursuant to Section 19.0, it will ensure that (i) the purchaser of the assets of Client or successor entity to Client reaffirms or assumes in writing the rights and obligations under this Agreement and (ii) the purchaser of the assets of Client or successor entity to Client has creditworthiness comparable to that of Client as of the Effective Date. 30.