Common use of Effect of the cancellation of the Agreement Clause in Contracts

Effect of the cancellation of the Agreement. 10.2.1 After this Agreement is cancelled in accordance with the provisions of Article 10.1 above, this Agreement shall immediately become invalid. 10.2.2 After the cancellation of this Agreement, the parties to this Agreement shall return the considerations received under this Agreement from other parties in accordance with the principles of fairness, reasonableness, and good faith, and make the best attempt to restore the state of affairs before the signing of this Agreement. 10.2.3 After the cancellation of this Agreement, all rights and obligations of the parties under this Agreement shall be terminated, except for the liability for damages of the parties as set forth in Article 7 of this Agreement.