Common use of Post-Termination Procedures Clause in Contracts

Post-Termination Procedures. Promptly after any termination, Developer shall: (1) stop all work being performed on behalf of In-Q-Tel under this Agreement, except any activities reasonably necessary (as reasonably determined by In-Q-Tel) for an orderly termination; and (2) furnish to In-Q-Tel all completed or uncompleted work requested by In-Q-Tel that if completed would have been delivered to In-Q-Tel or incorporated in a Deliverable (including property required to be transferred to In-Q-Tel under Section 13). Promptly upon Developer's compliance with item (2) above, In-Q-Tel shall pay to Developer any amounts due for performance of all work performed under this Agreement prior to such determination, but not with respect to work covered by Deliverables that have been rejected by In-Q-Tel under the Acceptance provision of the Statement of Work. Nothing in this section shall prohibit Developer from engaging in any research and development activities whether directed to technology related to that contemplated by this Agreement or otherwise.

Appears in 3 contracts

Sources: Development Agreement (Nanosys Inc), Development Agreement (Nanosys Inc), Development Agreement (Nanosys Inc)