Following Termination. Licensee’s obligation to pay any outstanding amounts owed and accrued under this Agreement prior to the termination date shall survive the expiration or sooner termination of this Agreement. If this Agreement is terminated by Licensor, Licensor may, but shall not be obligated to, permit Licensee to harvest crops planted in the Ag Lot subject to the terms of this Agreement. Unless Licensor permits Licensee to harvest such crops or otherwise elects to require Licensee to remove such crops from the Ag Lot, any crops located on the Ag Lot upon termination shall be the property of Licensor and Licensee waives any and all rights to the same. In no event shall Licensor be liable for any damages, including lost profits, suffered by Licensee as a result of the expiration or earlier termination of this Agreement. Upon delivery of the Termination Notice, Licensor may market the Ag Lot for license to any third parties and conduct all activities that may be incidental thereto, including, without limitation, accessing the Ag Lot.
Appears in 6 contracts
Samples: License Agreement, Year License Agreement, License Agreement
