Common use of Term of Agreement; Suspension; Termination; Survival Clause in Contracts

Term of Agreement; Suspension; Termination; Survival. This Agreement shall be in force from its Effective Date and thereafter shall remain in force, except that either party may unilaterally terminate this Agreement for any reason or no reason immediately upon Notice to the other party of its intention to do so. a. Company or Insurer shall have the right to suspend Producer’s right to solicit and sell Policies and Services to potential Policy owners, by giving the other Notice of the suspension to Producer. b. Upon termination of this Agreement, all authorizations, rights and obligations shall cease except those contained in sections VIII (Compensation), IX (Books and Records), X (Complaints and Investigations), XII (Indemnity), XIII (Errors and Omissions), XIV (Privacy) and XV (Anti-Money Laundering).

Term of Agreement; Suspension; Termination; Survival. This Agreement shall be in force from its Effective Date and thereafter shall remain in force, except that either party Party may unilaterally terminate this Agreement for any reason or no reason immediately upon Notice to the other party Party of its intention to do so. a. Company or Insurer shall have the right to suspend Producer’s right to solicit and sell Policies and Services to potential Policy owners, by giving the other Notice of the suspension to Producer. b. Upon termination of this Agreement, all authorizations, rights and obligations shall cease except those contained in sections VIII (Compensation), IX (Books and Records), X (Complaints and Investigations), XII (Indemnity), XIII (Errors and Omissions), XIV (Privacy) and XV (Anti-Money Laundering).