Steps After Termination
Example (1): Steps after termination
Upon the termination of this Agreement in any manner provided herein, Licensee shall stop the use of the Patents and return to Licensor all Know-How and other technical Information furnished by Licensor to Licensee and shall thereafter make no further use of the same nor of any knowledge, skill or other data as to any and all of the Licensed Product covered by this Agreement, whether acquired from Licensor or directly by Licensee nor divulge nor disclose the same to any one, and Licensee shall cease and desist from continuing the manufacture, use and sale of any and all of the Licensed Product or similar products or modifications thereof.
Example (2): Steps after termination
1.Upon and after the termination or expiration of this Agreement either party shall make no further use of Patents, Know- how and other technical TECHNICAL of the other party licensed hereunder and shall cease to manufacture, use, lease, sell and otherwise dispose of Products and / or the said combined products.
2.Notwithstanding the paragraph 1 of this Article, In the event of the termination of this Agreement by reason of the breach or default of either part, the license or right granted to the other party by such party hereunder shall survive the termination of this Agreement.
Example (3): Adjustments after termination (Computer Soft License Agreement)
Upon the termination of this Agreement for any reason whatsoever all rights and privileges herein granted to Licensee shall immediately cease and terminate and Licensee shall immediately pay to Licensor all monies due hereunder to the date of termination and provide to Licensor an accounting report as specified in Article 6 (Report) as of the date of the termination.
Licensee covenants and agrees to immediately upon the termination of this Agreement cease to represent itself as a licensee for the Products, and to entirely discontinue all use of Licensor’s service marks, trademarks, tradenames, logotypes, methods, or techniques in any forms, and, if applicable, to change the name under which Licensee conducts its business so as to eliminate therefrom the words (…), (…), or any other name or logotype, or the subject or this license or any addendum thereto. Licensee further covenants and agrees for a period of (…) years after the termination of this Agreement for any reason whatsoever, either solely or Jointly with or as agent or employee for any other person, firm, or company, directly or indirectly, to refrain from carrying on or being engaged, concerned, or interested in any business of developing, advertising, promotion, marketing, or selling computer systems to the (…) Industry and its customers within the Territory, except with the written consent of Licensor.