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Termination Of Licence Agreement
"I need a Termination Of Licence Agreement to end our software licensing arrangement with TechCorp Solutions, with termination to take effect from 1 March 2025, including provisions for the return of all source code and confidential information."
1. Parties: Identification of all parties to the termination agreement
2. Background: Details of the original licence agreement and reasons for termination
3. Definitions: Key terms used in the termination agreement
4. Termination: Formal termination clause stating the effective date and basis of termination
5. Outstanding Obligations: Settlement of any remaining payments or obligations
6. Return of Materials: Provisions for return or destruction of licensed materials
7. Surviving Provisions: Clauses from original agreement that continue after termination
1. Mutual Release: Release of claims between parties - used when parties want to prevent future claims relating to the licence agreement
2. Transition Arrangements: Arrangements for smooth transition post-termination - used when complex operations need to be wound down
3. Non-Compete: Restrictions on future competitive activities - used when protecting business interests post-termination
4. Data Protection: Handling of personal data post-termination - used when personal data was processed under the licence
1. Schedule of Licensed Materials: List of materials to be returned or destroyed
2. Schedule of Outstanding Payments: Details of any remaining financial obligations
3. Original Licence Agreement: Copy of the agreement being terminated
4. Transition Plan: Detailed plan for transitioning services or operations - for complex terminations requiring managed transition
Authors
Business Day
Confidential Information
Effective Date
Intellectual Property Rights
Licence
Licence Agreement
Licensed Materials
Licensee
Licensor
Outstanding Payments
Parties
Post-Termination Obligations
Surviving Provisions
Termination Date
Termination Notice
Transition Period
Working Hours
Confidentiality
Post-Termination Obligations
Return of Materials
Payment Settlement
Intellectual Property Rights
Mutual Release
Non-Compete
Non-Solicitation
Warranties
Indemnities
Surviving Provisions
Data Protection
Force Majeure
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Assignment
Third Party Rights
Transition Arrangements
Further Assurance
Costs
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