Termination and Exit Clauses

Allows one or both parties to terminate the agreement without cause, usually by providing written notice within a defined notice period.

Specifies the length of notice required for termination, varying depending on the reason for termination (e.g., convenience vs. breach).

Provides that the agreement automatically terminates upon the occurrence of specific events, such as insolvency, loss of license, or expiration of term.

Sets out a formal process for winding down the relationship, including obligations for data transfer, equipment return, and continued cooperation.

Details the legal and operational consequences of termination, including final payments, liabilities, and outstanding obligations.

Allows termination if the other party commits a material breach, becomes insolvent, or triggers other specified termination events.

Gives the breaching party a defined period to cure or remedy a breach before termination rights can be exercised.

Obliges the departing party to provide services or assistance to ensure a smooth transition of operations, systems, or data to the other party or a new provider.

Specifies which contractual obligations (such as confidentiality, IP rights, indemnities) survive termination or expiration of the agreement.