Common use of Rights on Expiration or Termination Clause in Contracts

Rights on Expiration or Termination. A. If this Agreement expires or is terminated, Licensee shall cease to manufacture Articles (except for work in process or to balance component inventory) but shall be entitled, for an additional period of twelve (12) months only, on a non-exclusive basis, to sell and dispose of its inventory subject, however, to the provisions of paragraph D of this Article. Such sales shall be made subject to all of the provisions of this agreement and to an accounting for and the payment of Sales Royalty thereon but not to the payment of Guaranteed Minimum Royalties. Such accounting and payment shall be made monthly.

Rights on Expiration or Termination. A. If this Agreement expires or is terminated, Licensee shall cease to manufacture Articles Licensed Products (except for work in process or to balance component inventory) but shall be entitled, for an additional period of twelve (12) months only, on a non-exclusive basis, to sell and dispose of its inventory subject, however, to the provisions of paragraph D of this ArticleArticle 9. Such sales shall be made subject to all of the provisions of this agreement Agreement and to an accounting for and the payment of Sales Royalty Royalties thereon but not to the payment of Guaranteed Minimum Royalties. Such accounting and payment shall be made monthly.