Common use of Termination or Expiration of the Agreement Clause in Contracts

Termination or Expiration of the Agreement. With the termination or expiration of the Agreement, all obligations of the contractual parties arising from the Agreement shall cease to exist. Termination or expiration of the Agreement shall not extinguish claims to compensation of damages, the payment of contractual penalties agreed in the case of breach of contractual obligations, and those obligations of the contractual parties which survive by virtue of the Agreement, their nature, or statutory provision.

Appears in 4 contracts

Samples: Purchase Agreement, Purchase Agreement, Purchase Agreement

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