Common use of RIGHTS AND DUTIES UPON TERMINATION OR EXPIRY Clause in Contracts

RIGHTS AND DUTIES UPON TERMINATION OR EXPIRY. 14.1 Upon termination or expiry of this Agreement, in accordance with Clauses 13.5(e), 13.7, 13.9, 13.11 and/or 13.12 the Licensee shall immediately notify the Licensor and ViiV of the amount of Product the Licensee then has available to it and, provided that such amount is, in the opinion of ViiV, reasonable in all the circumstances, the Licensee shall be permitted to sell that amount of Product in the Territory. This provision shall only apply to the extent that such termination would deprive Licensee of legal rights with respect to Product and Raw Materials. 14.2 Termination or expiry of this Agreement shall not affect those provisions of this Agreement which are expressed or intended to survive the termination or expiration of this Agreement in particular, but without limitation, Clauses 6, 11, 15.5, 15.6 and 15.7 and the relevant provisions of this Clause 14. In addition, any other provisions required to interpret and enforce the parties’ rights and obligations under this Agreement shall also survive, but only to the extent that such survival is required for the full observation and performance of this Agreement by the Parties. 14.3 Termination of this Agreement in accordance with the provisions hereof shall not limit remedies which may be otherwise available in law or equity and shall be without prejudice to any rights that any person may have pursuant to this Agreement for antecedent breaches.

Appears in 1 contract

Sources: Licensing Agreement

RIGHTS AND DUTIES UPON TERMINATION OR EXPIRY. 14.1 13.1 Upon termination or expiry of this Agreement, in accordance with Clauses 13.5(e)12.7, 13.712.8, 13.912.9, 13.11 12.11 and/or 13.12 12.12 the Licensee shall immediately notify the Licensor and ViiV of the amount of Product the Licensee then has available to it and, provided that such amount is, in the opinion of ViiV, reasonable in all the circumstances, the Licensee shall be permitted to sell that amount of Product in the Territory. This provision shall only apply to the extent that such termination would deprive Licensee of legal rights with respect to Product and Raw Materials. 14.2 13.2 Termination or expiry of this Agreement shall not affect those provisions of this Agreement which are expressed or intended to survive the termination or expiration of this Agreement in particular, but without limitation, Clauses 65, 1110, 15.514.5, 15.6 14.6 and 15.7 14.7 and the relevant provisions of this Clause 1413. In addition, any other provisions required to interpret and enforce the partiesParties’ rights and obligations under this Agreement shall also survive, but only to the extent that such survival is required for the full observation and performance of this Agreement by the Parties. 14.3 13.3 Termination of this Agreement in accordance with the provisions hereof shall not limit remedies which may be otherwise available in law or equity and shall be without prejudice to any rights that any person may have pursuant to this Agreement for antecedent breaches.

Appears in 1 contract

Sources: Licensing Agreement