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Termination Of Supplier Contract
"I need a Termination Of Supplier Contract to end our software maintenance agreement with TechServe Ltd, with a termination date of March 31, 2025, including specific provisions for the handover of source code and ongoing support during a 3-month transition period."
1. Parties: Details of the contracting parties, including registered addresses and company numbers
2. Background: Brief context of the original agreement and reason for termination
3. Definitions: Key terms used in the termination agreement, including reference to definitions in original agreement
4. Termination Date: Specific date when the agreement will terminate
5. Outstanding Obligations: Details of any remaining payments or obligations to be fulfilled
6. Return of Property: Process and timeline for returning any materials, equipment, or documentation
7. Confidentiality: Ongoing confidentiality obligations post-termination
1. Transition Arrangements: Details of handover process to new supplier - include when services need to be transferred to another supplier
2. Intellectual Property Rights: Arrangements for IP created during the contract period - include when IP was created or licensed during the contract
3. Data Protection: Arrangements for handling personal data post-termination - include when personal data was processed under the contract
4. Non-Compete Provisions: Any ongoing restrictions on competition - include when original agreement contained non-compete clauses
1. Schedule 1 - Outstanding Payments: Detailed breakdown of any remaining payments
2. Schedule 2 - Return of Property Checklist: List of items to be returned and deadlines
3. Schedule 3 - Transition Plan: Detailed timeline and responsibilities for service transition
4. Appendix A - Original Agreement: Copy of the original supplier agreement being terminated
Authors
Original Agreement
Effective Date
Termination Date
Business Day
Confidential Information
Intellectual Property Rights
Outstanding Payments
Parties
Products
Services
Supplier
Customer
Representatives
Transition Period
Transition Plan
Return Materials
Force Majeure Event
Group Company
Losses
Personnel
Territory
Working Hours
Applicable Law
Dispute
Surviving Provisions
Termination Date
Effect of Termination
Outstanding Payments
Transition Arrangements
Return of Property
Intellectual Property Rights
Confidentiality
Data Protection
Non-Compete
Non-Solicitation
Release and Waiver
Mutual Indemnification
Survival of Terms
Ongoing Obligations
Dispute Resolution
Notices
Assignment
Entire Agreement
Severability
Third Party Rights
Governing Law
Jurisdiction
Force Majeure
Costs
Further Assurance
Counterparts
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