Rights and Duties on Termination. (a) Upon any termination of this Agreement, and irrespective of the reason for termination, Hawthorne shall have the right to (i) sell any Product inventory (which shall be owned by Hawthorne until sold to third parties or Product Owner) to Product Owner at Hawthorne's cost, and if Hawthorne exercises such option as to some or all of the inventory of Product, the Product Owner shall pay for the Product contemporaneously with the delivery thereof, with title to pass at the time of shipment from Hawthorne's warehouse, and with the Product Owner to pay all freight and insurance in connection with the shipment, and (ii) to sell any unsold Product Inventory, through any marketing channels Hawthorne is permitted to utilize under this Agreement, for a period of 24 months after such termination.
Appears in 4 contracts
Samples: Production Services and Marketing Agreement (Millennium Direct Inc), Production Services and Marketing Agreement (Millennium Direct Inc), Production Services and Marketing Agreement (Millennium Direct Inc)
