Ikke-kategoriseret

Survive The Termination Of The Agreement Meaning

As a general rule, all obligations, liabilities or obligations that the parties have under a provision of an agreement terminate when the agreement ends. A survival clause crushes it and makes it possible to “survive” the provisions of an agreement after the end of the agreement itself. For these types of survival clauses, you need to ensure the correct referencing to ensure that you have the right disposition to survive the expiration of the contract. Sometimes the parties intend to maintain certain contractual clauses until an event occurs. For example, if the parties intend to extend the agreement for two years, they could, at the end of the confidentiality clause, include: “Confidentiality obligations are valid for the duration of this agreement and for two years from the termination or expiration of the agreement.” This could be repeated for all other provisions that the parties intend to survive….