Common use of Conduct Upon Termination Clause in Contracts

Conduct Upon Termination. A. Upon termination of this Agreement, Dealer shall offer to sell to Regal, at Dealer's purchase price (not including transportation or financing costs), Dealer's entire stock of current, originally packaged and new condition Product, and if such termination is of a Dealer location or locations the offer shall be applicable to Product maintained at such location or locations. Regal shall have the option, but no obligation, to accept such offer, which acceptance shall be communicated to Dealer by Regal in writing within thirty (30) days after Dealer notifies Regal of the Product and applicable purchase price of such Product which is subject to such purchase option. Dealer will make Product available to Regal immediately upon acceptance of offer. Regal will pay Dealer all net amounts due within thirty (30) days of receipt of Product, and proof that Product is being transferred to Regal with good and marketable title, free of all liens and encumbrances. Both parties agree to 7