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Termination Of Service Agreement
1. Parties: Identification of all parties to the termination agreement, including full legal names and addresses
2. Background: Context of the original service agreement, its key terms, and the reason for termination
3. Definitions: Definitions of key terms used in the termination agreement, including references to defined terms in the original agreement
4. Termination Date: Clear specification of when the service agreement will terminate, including any notice periods required under Danish law
5. Final Payments: Details of any final payments, including outstanding fees, pro-rata calculations, and settlement terms
6. Mutual Release: Mutual release of claims and obligations, subject to any surviving provisions
7. Return of Property: Requirements for return or disposal of any physical or digital assets, documents, or equipment
8. Data Handling: Provisions for handling personal data and other information in compliance with GDPR and Danish data protection laws
9. Governing Law: Confirmation of Danish law as governing law and jurisdiction
10. Signatures: Execution blocks for all parties
1. Surviving Provisions: Identifies which provisions from the original agreement survive termination, used when certain obligations need to continue
2. Intellectual Property Rights: Provisions regarding ownership and use of IP post-termination, included when IP was created or used during the service
3. Confidentiality: Ongoing confidentiality obligations, included when sensitive information was shared during the service
4. Transition Services: Details of any handover or transition period, used when service continuity is critical
5. Non-Compete/Non-Solicitation: Restrictions on future activities, included when protecting business interests is crucial
6. Dispute Resolution: Specific procedures for resolving disputes, included for high-value or complex services
7. Insurance: Requirements for maintaining insurance coverage, included when post-termination risks exist
1. Schedule 1 - Payment Calculation: Detailed breakdown of final payment calculations, including any pro-rata adjustments
2. Schedule 2 - Asset Register: List of assets to be returned or transferred between parties
3. Schedule 3 - Outstanding Deliverables: List of any work items to be completed before termination
4. Schedule 4 - Data Transfer Plan: Detailed plan for handling data transfer or deletion in compliance with GDPR
5. Schedule 5 - Transition Timeline: Detailed timeline for any transition activities
6. Appendix A - Original Service Agreement: Copy of the original service agreement being terminated
7. Appendix B - Confirmation of Completed Returns: Template for documenting return of assets and materials
Authors
Original Service Agreement
Effective Date
Termination Date
Service Provider
Service Recipient
Services
Confidential Information
Personal Data
Intellectual Property Rights
Outstanding Fees
Final Payment
Transition Period
Transition Services
Return Date
Company Property
Representatives
Surviving Provisions
Force Majeure
Business Day
Governing Law
Dispute
Notice
Material Breach
Settlement Sum
Completion Certificate
Data Protection Laws
GDPR
Deliverables
Outstanding Obligations
Release Date
Termination Notice
Working Hours
Applicable Law
Affiliate
Territory
Termination
Final Payment
Mutual Release
Return of Property
Data Protection
Confidentiality
Intellectual Property
Non-Compete
Non-Solicitation
Transition Services
Representations and Warranties
Indemnification
Insurance
Force Majeure
Notices
Assignment
Severability
Entire Agreement
Amendment
Waiver
Third Party Rights
Counterparts
Governing Law
Dispute Resolution
Surviving Obligations
Further Assurance
Costs
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