- Joined
- Dec 13, 2006
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- 11,355
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Terms look friendly although:
Termination
6.1 The Agreement may be terminated by either party by giving a thirty (30) day written notification to the other party. Written notification may be given by email or by Skype and should be given to your affiliate manager.
6.2 The contracting parties hereby agree that upon the termination of this Agreement:
a) The Affiliate must remove all references to Merchant from the Affiliates websites and/or other marketing channel and communications, non-respectively of whether the communications are commercial or non-commercial.
b) All rights and licenses granted to the Affiliate under this Agreement shall immediately be terminated and all rights shall revert to the respective licensors and the Affiliate will cease the use of any trademarks, service marks, logos and other designations vested in the Memato Group.
c) The Affiliate will be entitled only to those earned and unpaid commissions as of the effective date of termination; however provided, Memato Group may withhold the Affiliates final payment for a reasonable time to ensure that the correct amount is paid.
d) The Affiliate must return to Memato Group any and all confidential information (and all copies and derivations thereof) in the Affiliates possession, custody and control.
6.3 If the Agreement is terminated by Memato Group on the basis of the Affiliates breach of terms, then Memato Group shall be entitled to withhold the Affiliates unpaid commissions as of the termination date, to use as collateral for any claims arising from such breaches. It is further specified that termination by Memato Group due to a breach of the Agreement by the Affiliate shall not require any notice period and termination will be in immediate effect upon notification by Memato Group to the Affiliate.
6.4 The Affiliate will release Memato Group from all obligations and liabilities happening or arising after the date of such termination, except for certain obligations that are designed to survive the termination. Termination does not relieve the Affiliate from any liability arising from any breach of this Agreement, which occurred prior to termination. Nor does it relieve the Affiliate from any liability arising from any breach of confidential information even if the breach arises at any time following the termination of this Agreement. The Affiliates obligation of confidentiality towards Memato Group shall survive the termination of this Agreement.
Termination
6.1 The Agreement may be terminated by either party by giving a thirty (30) day written notification to the other party. Written notification may be given by email or by Skype and should be given to your affiliate manager.
6.2 The contracting parties hereby agree that upon the termination of this Agreement:
a) The Affiliate must remove all references to Merchant from the Affiliates websites and/or other marketing channel and communications, non-respectively of whether the communications are commercial or non-commercial.
b) All rights and licenses granted to the Affiliate under this Agreement shall immediately be terminated and all rights shall revert to the respective licensors and the Affiliate will cease the use of any trademarks, service marks, logos and other designations vested in the Memato Group.
c) The Affiliate will be entitled only to those earned and unpaid commissions as of the effective date of termination; however provided, Memato Group may withhold the Affiliates final payment for a reasonable time to ensure that the correct amount is paid.
d) The Affiliate must return to Memato Group any and all confidential information (and all copies and derivations thereof) in the Affiliates possession, custody and control.
6.3 If the Agreement is terminated by Memato Group on the basis of the Affiliates breach of terms, then Memato Group shall be entitled to withhold the Affiliates unpaid commissions as of the termination date, to use as collateral for any claims arising from such breaches. It is further specified that termination by Memato Group due to a breach of the Agreement by the Affiliate shall not require any notice period and termination will be in immediate effect upon notification by Memato Group to the Affiliate.
6.4 The Affiliate will release Memato Group from all obligations and liabilities happening or arising after the date of such termination, except for certain obligations that are designed to survive the termination. Termination does not relieve the Affiliate from any liability arising from any breach of this Agreement, which occurred prior to termination. Nor does it relieve the Affiliate from any liability arising from any breach of confidential information even if the breach arises at any time following the termination of this Agreement. The Affiliates obligation of confidentiality towards Memato Group shall survive the termination of this Agreement.
