Exit Clause Sample Clauses
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Exit Clause. Either party may, by giving 60 days notice in advance to the other party, exit from the agreement and the agreement shall stand terminated on expiry of 60th day from receipt of such notice. In such cases, the PBG shall be returned after deducting any amount whatsoever due to BSNL against the agreement.
Exit Clause. RD may exit by giving 60days notice and PBG shall be refunded once the pending dues if any are cleared.
Exit Clause. 4.1. Either party may terminate the agreement unconditionally after giving notice of at least three months in advance.
Exit Clause. The Franchise agreement can be terminated with mutual agreement of both of the parties after analyzing the scenario. No termination charges will be levied with respect to termination of the agreement under any circumstances.
Exit Clause. Either party can give a months’ notice of terminating the agency relationship.
Exit Clause. The parties acknowledge that this is a pilot project designed to test new technologies and processes and as such may be discontinued by either party, their estate, authorized representatives and/or assigns prior to the end of the term(s) specified above provided sixty (30) days’ notice is delivered to the other party in writing. Following delivery of notice, the parties will be free of all legal responsibilities under this contract beyond the notice period and shall have no claim for damages howsoever caused.
Exit Clause. Either party may take exit from this Agreement during its currency by serving 3 months written notice to the other party.
Exit Clause. A startup should plan for the departure of its founders from the outset. A consensus should be reached on the terms under which a founder may depart the business and be liberated from their commitments.
Exit Clause. If either organization changes in a way that makes it difficult for us to work together then this section is designed to protect both parties from unnecessary hardship. With that in mind, this FSA can be terminated at any time. In order for C-▇▇▇▇▇ to terminate for any reason, it has to be decided by majority vote as noted in section VII. If either C-▇▇▇▇▇ or 2040 Partners for Health determines it is appropriate to terminate this financial sponsorship, then they must let the other organization know in writing 30 days before the decision is made. Each organization will make this decision independently. If this FSA is terminated, then the money that is set apart and designated as C-▇▇▇▇▇’▇ will remain C-▇▇▇▇▇’▇ money. Also, any intellectual property that is attributable to C-▇▇▇▇▇ will also remain its own. There will be no fees associated with departure of either group. Items held at 2040 that are related to C-▇▇▇▇▇ functioning, and are not the property of 2040 will be transferred back to C-▇▇▇▇▇. Likewise, any item that is used by C-▇▇▇▇▇, but belongs to 2040 shall remain 2040’s.
Exit Clause. 31.1 The exit clause shall be applicable in case of the following –