Common use of Non-Release of Obligations Clause in Contracts

Non-Release of Obligations. The termination of this Technical Assistance Agreement shall not release the Parties from their obligations to settle all financial accounts between themselves in cash forthwith. Notwithstanding the termination hereof, each Party shall be responsible for the performance of all of its obligations and responsibilities hereunder up to the effective date of termination. As provided in Article 7, upon termination of this Technical Assistance Agreement, NTI Intellectual Property Rights, together with NTI and/or NTI ASEAN Trade Secrets, shall continue to be kept secret and confidential by TIANJIN ZERUST.

Appears in 2 contracts

Samples: Technical Assistance and Marketing Support Agreement, Technical Assistance and Marketing Support Agreement (Northern Technologies International Corp)

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Non-Release of Obligations. The termination of this Technical Assistance Agreement shall not release the Parties from their obligations to settle all financial accounts between themselves in cash forthwith. Notwithstanding the termination hereof, each Party shall be responsible for the performance of all of its obligations and responsibilities hereunder up to the effective date of termination. As provided in Article 7Articles 13 and 14, upon termination of this Technical Assistance Agreement, NTI Intellectual Property Rights, together with NTI and/or NTI ASEAN Trade Secrets, Fibrobeton Trade Secrets and Atagençer Trade Secrets shall continue to be kept secret and confidential by TIANJIN ZERUSTeach other Party hereto.

Appears in 1 contract

Samples: Shareholders Joint Venture Agreement (Northern Technologies International Corp)

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Non-Release of Obligations. The termination of this Technical Assistance Agreement shall not release the Parties from their obligations to settle all financial accounts between themselves in cash forthwith. Notwithstanding the termination hereof, each Party shall be responsible for the performance of all of its obligations and responsibilities hereunder up to the effective date of termination. As provided in Article 7, upon termination of this Technical Assistance Agreement, NTI Intellectual Property Rights, Rights together with NTI and/or NTI ASEAN Trade Secrets, Secrets shall continue to be kept secret and confidential by TIANJIN ZERUSTFibro-NTI.

Appears in 1 contract

Samples: Technical Assistance and Marketing Support Agreement (Northern Technologies International Corp)

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