Effect of Termination. (a) In the event of any termination pursuant to this Article 12, Foreign R&D Institute shall deliver Foreground IP developed up till then to Domestic R&D Institute as soon as possible.
(b) In the event of termination pursuant to Section 12.1 of this Agreement, Foreign R&D Institute shall be entitled to demand the Financial Contribution; however, Foreign R&D Institute shall be obliged to offset any expenses saved as a result of the termination of the Agreement or acquired or maliciously omitted to acquire by other use of its manpower.
(c) In the event of termination pursuant to Section 12.2 of this Agreement, Foreign R&D Institute shall receive only such parts of the Financial Contribution, as are to be paid for the milestones, which have been reached and confirmed by Domestic R&D Institute, plus expenses incurred prior to termination, which can no longer be rescinded or avoided. It is permissible to show that less work was actually performed / lower expenses were actually incurred.
Effect of Termination. Termination of this Agreement shall release the parties from further performance of their respective obligations hereunder, other than any liability which at the time of termination has already accrued to each party, or which thereafter may accrue in respect of an act or omission prior to such termination. Termination of this Agreement shall not affect any right, duty or obligation of a party which by its nature survives termination of this Agreement.
Effect of Termination. Upon termination of this Agreement pursuant to Paragraph (1), (2) of Article 8-2, the JVC shall be dissolved and liquidated.