Common use of Validity and Termination Clause in Contracts

Validity and Termination. 12.1. The Agreement is entered into for an indefinite period of time and comes into force after both Parties sign the Services Agreement. 12.2. The Agreement shall remain in effect for an unlimited period of time, until full performance of the obligations of the Parties set forth in the Agreement. 12.3. Any Party may terminate the Agreement by delivering a termination notice to the other Party 60 (sixty) days in advance. In case there is a suspicion of your business being involved in money laundering, terrorist financing or other similar unlawful activity, or goes bankrupt the Service Provider may terminate this Agreement immediately without submission of a notification. 12.4. In case you fail to settle an invoice in due time or do not cooperate, the Service Provider shall have the right to suspend the provision of Services to you. In case of termination of this Agreement, you shall, before the day of termination, pay all fees (remuneration) and cover all expenses incurred by us in accordance with this Agreement. We shall have the right to withhold your documents and other property related to the Services provided, including funds in bank accounts that were deposited by us in your name and advance payments until full settlement for the Services. In case you request to provide Services related to a particular assignment when the assignment itself has already been performed or when such Services exceed the scope of the assignment, such Services shall be paid for additionally, in accordance with the standard rates or as indicated in a separate order. 12.5. In case of termination or expiry of the Agreement, the provisions related to liability and payments between the Parties, conditions regarding confidentiality, as well as other provisions, as it is clearly indicated, remain valid. 12.6. You are obligated to pay the fees for our Services and other expenses as indicated in the Services Agreement, incurred until the day of termination of the Agreement.

Validity and Termination. 12.1. The Agreement is entered into for an indefinite period of time and comes into force after both Parties sign the Services Agreement. 12.2. The Agreement shall remain in effect for an unlimited period of time, until full performance of the obligations of the Parties set forth in the Agreement. 12.3. Any Party may terminate the Agreement by delivering a termination notice to the other Party 60 30 (sixtythirty) days in advance. In case there is a suspicion of your business being involved in money laundering, terrorist financing or other similar unlawful activity, or goes bankrupt the Service Provider Company may terminate this Agreement immediately without submission of a notification. 12.4. In case you fail to settle an invoice in due time or do not cooperate, the Service Provider Company shall have the right to suspend the provision of Services to you. In case of termination of this Agreement, you shall, before the day of termination, pay all fees (remuneration) and cover all expenses incurred by us in accordance with this Agreement. We shall have the right to withhold your documents and other property related to the Services provided, including funds in bank accounts that were deposited by us in your name and advance payments until full settlement for the Services. In case you request to provide Services related to a particular assignment when the assignment itself has already been performed or when such Services exceed the scope of the assignment, such Services shall be paid for additionally, in accordance with the standard rates or as indicated in a separate order. 12.5. In case of termination or expiry of the Agreement, the provisions related to liability and payments between the Parties, conditions regarding confidentiality, as well as other provisions, as it is clearly indicated, remain valid. 12.6. You are obligated to pay the fees for our Services and other expenses as indicated in the Services Agreement, incurred until the day of termination of the Agreement.