TERMINATION/EXPIRATION ACCOUNTING Clause Samples
The TERMINATION/EXPIRATION ACCOUNTING clause outlines the procedures and responsibilities for handling financial matters when a contract ends, either through termination or natural expiration. It typically specifies how outstanding payments, refunds, or reconciliations should be managed, and may require the parties to provide final accounting statements or settle any remaining balances within a set timeframe. This clause ensures that both parties have a clear process for closing out financial obligations, reducing the risk of disputes or misunderstandings after the contractual relationship concludes.
TERMINATION/EXPIRATION ACCOUNTING. All appropriate amounts payable by one Party to the other shall survive rescission, termination or expiration of this Agreement and, upon the occurrence of any such rescission, termination, or expiration, shall become immediately due and payable.
TERMINATION/EXPIRATION ACCOUNTING. All amounts payable by Reseller to Handspring shall survive termination and become immediately due and payable. In addition, Handspring shall have the right to repurchase unsold Products in Reseller's inventory. Within ten (10) days following termination, Reseller shall furnish Handspring with an inventory of unsold Products. Within ten (10) days after receipt of such inventory, Handspring shall notify Reseller in writing whether or not Handspring intends to repurchase from Reseller all or part of such inventory at the original invoice price (less discounts, price protection or other credits previously granted). Handspring shall pay all transportation and other costs connected with shipping such Products to Handspring.
TERMINATION/EXPIRATION ACCOUNTING. All amounts payable by Licensee/Reseller to Supplier shall survive termination and become immediately due and payable. In addition, Supplier shall have the right to repurchase unsold Products in Licensee/Reseller's inventory. Within ten (10) days following termination, Licensee/Reseller shall furnish Supplier with an inventory of unsold Products. Within ten (10) days after receipt of such inventory, Supplier shall notify Licensee/Reseller in writing whether or not Supplier intends to repurchase from Licensee/Reseller all or part of such inventory at the original invoice price (less discounts, price protection or other credits previously granted). Supplier shall pay all transportation and other costs connected with shipping such Products to Supplier.
TERMINATION/EXPIRATION ACCOUNTING. All amounts payable by Reseller to Supplier shall survive termination and become immediately due and payable. In addition, Supplier shall have the right to repurchase unsold Products in Reseller's inventory. Within ten (10) days following termination, Reseller shall furnish Supplier with an inventory of unsold Products. Within ten (10) days after receipt of such inventory, Supplier shall notify Reseller in writing whether or not Supplier intends to repurchase from Reseller all or part of such inventory at the original invoice price (less discounts, price protection or other credits previously granted). Supplier shall pay all transportation and other costs connected with shipping such Products to Supplier.
TERMINATION/EXPIRATION ACCOUNTING. All amounts payable by Reseller to Sanomedics shall survive termination and become immediately due and payable. In addition, Sanomedics shall have the right to repurchase unsold Products in Reseller's inventory. Within ten (10) days following termination, Reseller shall furnish Sanomedics with an inventory of unsold Products. Within ten (10) days after receipt of such inventory, Sanomedics shall notify Reseller in writing whether or not Sanomedics intends to repurchase from Reseller all or part of such inventory at the original invoice price (less discounts, price protection or other credits previously granted). Sanomedics shall pay all transportation and other costs connected with shipping such Products to Sanomedics.
TERMINATION/EXPIRATION ACCOUNTING. All amounts payable by Purchaser to Supplier shall survive termination and become immediately due and payable upon termination.