Common use of Termination by Notification Clause in Contracts

Termination by Notification. any Party hereto may terminate this Agreement by written notification fifteen (15) days in advance, provided that if the Merchant has made commitments on minimum turnover and/or software service fee to Tmall, before the minimum turnover is achieved or the minimum fee is settled, the Merchant may not exercise its right to dissolve this Agreement ex parte. Where the Merchant clicks on the “OK” button for exit online to apply for the termination hereof, the Merchant’s store will forthwith enter into the status of “supervision” (means that within a certain period of time the Merchant’s store and all information on products therein cannot be viewed through searching or visiting the store or product links), and fifteen (15) days later this Agreement will be terminated and the store will formally enter into the exit procedure. The Merchant may and may only use its Tmall account to handle transaction disputes and to settle accounts and invoices with Tmall within thirty (30) days of the withdrawal procedure.