Common use of Termination Effects Clause in Contracts

Termination Effects. 8.1 Should the Contract be rescinded on the initiative of the REGISTRY due to noncompliance by the REGISTRAR or on the initiative of the latter without just cause, the REGISTRAR shall compensate the REGISTRY, paying the former, in any case, the amount with which the REGISTRAR guarantees fulfilment of its obligations, as specified in section 3.9 of this Contract. If said amount were insufficient to cover the damages derived from said rescission, the REGISTRY may claim any additional damages arising from said rescission. 8.2 If the Contract is terminated due to non-compliance by the REGISTRAR, said Registrar may not enter into any other registrar contract with the REGISTRY for ".es" domain names for a period of up to two years. 8.3 Whatever the reason for terminating the Contract, the REGISTRAR shall offer the ".es" domain name beneficiaries the possibility of taking over the management of the domain names directly or requesting a change of REGISTRARS. Therefore, the REGISTRAR whose contract is terminated must notify this situation with sufficient advance notice, in the terms established in this Contract, and must, when appropriate, provide its customers or the Registrars designated by them with all the information or documentation necessary to make such changes.