Common use of Effect of Withdrawal from Clause in Contracts

Effect of Withdrawal from. oneM2M Upon the Withdrawal Date, the withdrawing Partner shall cease to participate in the work of oneM2M and to contribute to the costs of the operation of oneM2M. Termination of this Agreement:  Shall be without prejudice to any rights or obligations which shall have accrued or become due prior to the Withdrawal Date. The withdrawing Partner shall remain bound to duly perform and complete any and all obligations which shall have arisen out of, or in connection with, this Agreement prior to withdrawal; and  Shall not prejudice the rights or remedies which any party may have with respect to the terms of this Agreement prior to Withdrawal Date. No Partner shall assume goodwill of oneM2M for its own purposes upon withdrawal from this Agreement. The copyright of Technical Specifications and Technical Reports arising from this Agreement prior to withdrawal shall remain jointly owned by the Partners Type 1. All Partners Type 1 shall have copyrights to the complete body of work developed by oneM2M prior to and during the Partner’s membership. The Secretariat shall present the withdrawing Partner with an estimate of any funds then owed by that Partner or to be returned to that Partner on a pro rata basis starting with the Partnership’s fiscal year and ending on Withdrawal Date. When a Partner Type 1 withdraws from oneM2M, all the oneM2M Members admitted by that Partner Type 1 will lose their corresponding oneM2M membership.

Effect of Withdrawal from. oneM2M Upon the Withdrawal Date, the withdrawing Partner shall cease to participate in the work of oneM2M and to contribute to the costs of the operation of oneM2M. Termination of this Agreement:  • Shall be without prejudice to any rights or obligations which shall have accrued or become due prior to the Withdrawal Date. The withdrawing Partner shall remain bound to duly perform and complete any and all obligations which shall have arisen out of, or in connection with, this Agreement prior to withdrawal; and  • Shall not prejudice the rights or remedies which any party may have with respect to the terms of this Agreement prior to Withdrawal Date. No Partner shall assume goodwill of oneM2M for its own purposes upon withdrawal from this Agreement. The copyright of Technical Specifications and Technical Reports arising from this Agreement prior to withdrawal shall remain jointly owned by the Partners Type 1. All Partners Type 1 shall have copyrights to the complete body of work developed by oneM2M prior to and during the Partner’s membership. The Secretariat shall present the withdrawing Partner with an estimate of any funds then owed by that Partner or to be returned to that Partner on a pro rata basis starting with the Partnership’s fiscal year and ending on Withdrawal Date. When a Partner Type 1 withdraws from oneM2M, all the oneM2M Members admitted by that Partner Type 1 will lose their corresponding oneM2M membership.