Termination of the Existing Control Documents Clause Samples
The 'Termination of the Existing Control Documents' clause formally ends the validity and enforceability of any prior agreements or documents that previously governed the relationship between the parties. In practice, this means that once the new agreement is executed, all earlier control documents—such as previous contracts, policies, or memoranda—are rendered null and void, ensuring that only the terms of the new agreement apply going forward. This clause serves to eliminate confusion or conflict between overlapping documents, providing clarity and legal certainty about which terms govern the parties' relationship.
Termination of the Existing Control Documents. 1.1 The Parties hereby irrevocably agree and confirm that the Existing Control Documents shall terminate and cease to have any effect as from the date of signing of this Agreement.
1.2 As from the date of signing of this Agreement, the signatories to the Existing Control Documents shall no longer enjoy the rights under all and/or any of the Existing Control Documents and shall no longer need to perform the obligations under all and/or any of the Existing Control Documents, but (1) the rights and obligations which have been actually exercised and fulfilled by the Parties based on any Existing Control Document shall be effective and the monies, proceeds or other benefits of any nature acquired or actually possessed by Any Party based on the Existing Control Documents need not be returned to the other party; (2) with respect to the equity of Party B pledged by Party C to Party A under the Existing Control Documents and the pledge right enjoyed by Party A over the equity of Party B, Party A shall, within [15] days from the date of signing of this Agreement, apply for cancellation of registration of such equity pledge at the original market supervision and administration department for registration of the equity pledge, and Party B and Party C shall provide cooperation.
1.3 Except as otherwise agreed in Article 1.2 above, the Parties hereto hereby irrevocably and unconditionally release themselves from any past, existing or future disputes, claims, demands, rights, obligations, liabilities, actions, contracts or causes of action of any kind or nature that may be owned or are likely to be owned by them against the Other Parties to this Agreement directly or indirectly in connection with or arising out of all and/or any of the Existing Control Documents.
1.4 Without prejudice to the provisions of Article 1.2 above and the general provisions of Article 1.3 above, from the date of signing of this Agreement, the Parties hereto hereby release themselves, their heirs, successors, assigns or executors of the estate from any past, existing or future commitments, liabilities, claims, demands, obligations and duties of any kind or nature that may be owned or are likely to be owned by them against the Other Parties to this Agreement, present and past directors, officers, employees, legal advisors and agents of such Other Parties, connected parties of such persons and respective successors and assigns of related parties in connection with or arising out of Existing Control ...
Termination of the Existing Control Documents. 第1条 现有控制文件的终止
1.1 Party A, Party B, Party C and Party D hereby irrevocably agree and acknowledge that all of the Existing Control Documents shall be terminated and have no effect as of the date of this Agreement. 甲方、乙方、丙方和丁方特此不可撤销地同意并承认，所有现有控制文件自本协议签订之日起终止且无效。
1.2 As of the date of this Agreement, Party A, Party B, Party C and Party D shall no longer have any rights under all and/or any of the Existing Control Documents, nor shall they be required to perform any obligations under all and/or any of the Existing Control Documents. 自本协议签订之日起，甲方、乙方、丙方和丁方不再拥有全部和/或任何现有控制文件项下的任何权利，也不再被要求履行所有和/或任何现有控制文件项下的任何义务。
1.3 Unless otherwise agreed in Article 1.2 above, each of Party A, Party B, Party C and Party D hereby irrevocably and unconditionally releases the Other Parties hereto from any disputes, claims, demands, rights, obligations, liabilities, actions, contracts or causes of action of any kind or nature that it had, has or may have in the future, directly or indirectly, relating to or arising out of all and/or any of the Existing Control Documents. 除非上述第1.2条另有约定，甲方、乙方、丙方和丁方均不可撤销地、无条件地免除其他方在此产生的任何争议、索赔、要求、权利、义务、责任、其曾经、现在或将来可能直接或间接与所有和/或任何现有控制文件相关或由其引起的任何种类或性质的诉讼、合同或诉讼因由。
Termination of the Existing Control Documents. (1) Party A and Party B hereby irrevocably agree and confirm that the Loan Agreement and the Equity Pledge Agreement shall be terminated as of the signing date of this Agreement and shall no longer be valid.
(2) Party B and Party C hereby irrevocably agree and confirm that the Exclusive Technology License and Service Agreement shall be terminated as of the signing date of this Agreement and shall no longer be valid.
(3) The Parties hereby irrevocably agree and confirm that the Exclusive Technical Consulting and Service Agreement and the Voting Right Entrustment Agreement and the Business Management Agreement shall be terminated as of the signing date of this Agreement and shall no longer be valid.
(4) From the signing date of this Agreement, each Party shall no longer have the rights under the Existing Control Documents and does not need to perform the obligations thereunder.
(5) Each Party hereby irrevocably and unconditionally releases the other Parties from any kind or nature of disputes, claims, demands, rights, obligations, responsibilities, actions, contracts or prosecution reasons that such Party has or may have against other Parties in the past, present or future, which are directly or indirectly related to or arise from the Existing Control Documents.
Termination of the Existing Control Documents. (1) Party A and Party B hereby irrevocably agree and confirm that the Loan Agreement and the Equity Pledge Agreement shall be terminated as of the signing date of this Agreement and shall no longer be valid. All parties hereby confirm and agree that with respect to the loan of RMB 1.5 million (the “Loan”) provided by Party B to Party A under the Loan Agreement, Party A is released from its obligation to repay the Loan. As of the signing date of this Agreement, Party B agrees not to assert any claims against Party A related to the Loan, and Party A shall have no further obligation to repay the Loan to Party B.
(2) Party B and Party C hereby irrevocably agree and confirm that the Exclusive Technology License and Service Agreement shall be terminated as of the signing date of this Agreement and shall no longer be valid.
(3) The Parties hereby irrevocably agree and confirm that the Exclusive Technical Consulting and Service Agreement and the Voting Right Entrustment Agreement and the Business Management Agreement shall be terminated as of the signing date of this Agreement and shall no longer be valid.
(4) From the signing date of this Agreement, each Party shall no longer have the rights under the Existing Control Documents and does not need to perform the obligations thereunder.
(5) Each Party hereby irrevocably and unconditionally releases the other Parties from any kind or nature of disputes, claims, demands, rights, obligations, responsibilities, actions, contracts or prosecution reasons that such Party has or may have against other Parties in the past, present or future, which are directly or indirectly related to or arise from the Existing Control Documents.