SURVIVAL
Other Names: Effect of Termination
Sample Clause Language:
The rights and obligations contained in this Agreement, which by their nature require performance following termination, shall survive any termination or expiration of this Agreement.
Source: RenovaCare, Inc. (2018, June 25). Form 8-K. Retrieved from SEC EDGAR website http://www.sec.gov/edgar.shtml
Description:
Survival clauses provide that certain sections or provisions will still be effective after the termination or expiration of the agreement. The sample clause here is mutual and drafted to be neutral. It provides that sections by their nature that apply after the expiration or termination of this agreement will survive.
Common Contracts with this Clause:
- All Commercial Agreements
What you'll see with Lawgood:
Four (4) Alternative Positions
- Mutual (No Survival)
- Mutual (General)
- Mutual (Specific Provisions)
- Unilateral
Draft better contracts with Lawgood.