Common use of Termination of Agreement - Rights of Parties Clause in Contracts

Termination of Agreement - Rights of Parties. The following shall occur upon the expiration or termination by either party of this Agreement: a) All rights, licenses and privileges granted to LimitlessX under this Agreement shall immediately cease and terminate, except as specifically preserved, extended or imposed by a provision of this Agreement; b) LimitlessX shall discontinue the use of such trademarks or marks as it used under this Agreement, and any items bearing such trademarks, except that LimitlessX may sell its remaining finished product inventory of the Products for sixty (60) days. c) Any indebtedness of either party to the other not already due shall become immediately due as of the effective date of termination of this Agreement for any reason. In no event shall either party be liable for any debts of the other party to its customers or its other creditors, except as otherwise provided in this Agreement.

Termination of Agreement - Rights of Parties. The following shall occur upon the expiration or termination by either party of this Agreement: a) All rights, licenses and privileges granted to LimitlessX Power Lift under this Agreement shall immediately cease and terminate, except as specifically preserved, extended or imposed by a provision of this Agreement; b) LimitlessX Power Lift shall discontinue the use of such trademarks or marks as it used under this Agreement, and any items bearing such trademarks, except that LimitlessX Power Lift may sell its remaining finished product inventory of the Products for sixty (60) days. c) Any indebtedness of either party to the other not already due shall become immediately due as of the effective date of termination of this Agreement for any reason. In no event shall either party be liable for any debts of the other party to its customers or its other creditors, except as otherwise provided in this Agreement.