Refund Upon Termination for Splunk’s Breach Sample Clauses

The 'Refund Upon Termination for Splunk’s Breach' clause requires Splunk to return any prepaid fees to the customer if the agreement is terminated due to Splunk’s material breach. In practice, this means that if Splunk fails to meet its contractual obligations and the customer ends the contract as a result, the customer is entitled to a refund for services paid for but not received. This clause protects the customer from financial loss in the event of Splunk’s non-performance, ensuring fairness and accountability in the contractual relationship.