Termination of contract clause samples

On December 28, 2020, Guizhou Taibang, Xinjiang Deyuan and its controlling shareholder entered into settlement agreements to settle the lawsuits. Pursuant to the settlement agreements, Xinjiang Deyuan shall pay to Guizhou Taibang an aggregate amount of approximately RMB300 million, consisting of the repayment of all the outstanding principal amount and interests under the Loan, the return of certain prepaid purchase price for source plasma, and the compensation for termination of contract. After the full payment of such amount by Xinjiang Deyuan to Guizhou Taibang, the Cooperation Agreement will terminate.

6.1 Party B and its affiliates have all rights in respect of the content of their self-owned services in this Agreement. During the period of cooperation between Party A and Party B, Party A may not avail itself of any right or issue any challenge, revocation, objection or refusal against any intellectual property right of Party B or its interested right holder. Where Party A needs to use or display a trademark, mark, product or service name, logo and other intellectual property rights of Party B or its interested right holder during the course of operating activities, the Parties shall otherwise negotiate and sign a related contract. Except in the aforesaid circumstance, Party B does not confer upon Party A any express or implied license of intellectual property rights or transfer of rights in this Agreement. Where Party A needs a license for the intellectual property rights of Party B or its interested right holder, it needs to sign another license contract or authorization document. If Party A uses the intellectual property rights of Party B or its interested right holder without Party B’s authorization or violates the guidance of Party B or its interested right holder during use, thereby resulting in an adverse impact upon Party B or its interested right holder, Party B is entitled to require Party A to undertake remedial measures within a prescribed time limit, and if Party A fails to so do, Party B is entitled to immediately terminate all of the contracts signed by Party A and Party B, and said failure shall constitute Party A’s breach and grounds for termination of contract. If such conduct results in losses to Party B or its interested right holder, Party A shall be liable for corresponding damages to Party B or its interested right holder.