Here is the second part
(14) TERMINATION. This Agreement may be terminated upon the occurrence of any one of the following events:
(a) On the death of the Agent, or upon the Service Agent filing for bankruptcy, having a
receiver appointed over him/her or liquidating his/her assets, the Company shall have the right to
terminate this Agreement immediately upon written notice to the Sales Agent.
(b) Upon failure of either party to perform its obligations hereunder, the other party may
terminate this agreement immediately upon written notice to the other party. Failure of either party
to terminate this Agreement for any default shall not prejudice its rights to terminate for other or
subsequent defaults. Termination shall not constitute a waiver by either party to the other of any
claim existing at the time of such termination.
(c) Upon the provision of thirty (30) days written notice of termination by either party to the
other, for which no cause or reason shall be required.
(d) In the event of termination, the Company shall pay commissions to the Service Agent on all
service orders accepted and delivered by the Company originating from service, support and or
products delivered by the Service Agent providing such orders were entered before the termination
date. All Commissions originating from service, support and or sale of product will be distributed, as
previously indicated, upon receipt of payment from client. After which, the Company shall have no
further obligation whatsoever to pay commissions or other compensation to the Service Agent for
services performed hereunder.
(e) This Agreement may not be transferred or otherwise assigned by the Service Agent.
(15) PRIOR AGREEMENTS AND REVISIONS. This Agreement supersedes and replaces any and all prior
understandings, commitments or agreements between the parties with respect to subject matter hereof and may only
be amended, revised or otherwise modified by a written document signed by all parties hereto.
(16) ENTIRE AGREEMENT. This Agreement contains the entire understanding between the parties. If any provision
or provisions hereof are held to be contrary to law, the remaining provisions shall be binding upon the parties.
(17) ARBITRATION. In the event of a dispute or disagreement between the parties, both parties shall submit their
claims to arbitration in the State of New York, under then current rules of the American Arbitration Association.
The parties agree to be bound by the arbitrator's decision, and they further agree that a judgment upon the award
may be entered in any court of competent jurisdiction. The parties hereto agree and stipulate that this agreement
shall be interpreted in accordance with the laws of the State of New York, excluding choice of law provisions.
(18) EFFECTIVE DATE. This Agreement shall be effective as of the date of its execution by the parties. It shall remain
in effect from the date of signature until written request is made for the termination by either party
according to the established procedures specified in Paragraph 13 above.
IN WITNESS WHEREOF, the parties have affixed their signatures as of the day and year indicated below.
(Signature) ________________________________________ (Signature) ________________________________________
(Printed Name) ____________________________________ (Printed Name) ____________________________________
(Date) ____________________ (Date) ____________________
(14) TERMINATION. This Agreement may be terminated upon the occurrence of any one of the following events:
(a) On the death of the Agent, or upon the Service Agent filing for bankruptcy, having a
receiver appointed over him/her or liquidating his/her assets, the Company shall have the right to
terminate this Agreement immediately upon written notice to the Sales Agent.
(b) Upon failure of either party to perform its obligations hereunder, the other party may
terminate this agreement immediately upon written notice to the other party. Failure of either party
to terminate this Agreement for any default shall not prejudice its rights to terminate for other or
subsequent defaults. Termination shall not constitute a waiver by either party to the other of any
claim existing at the time of such termination.
(c) Upon the provision of thirty (30) days written notice of termination by either party to the
other, for which no cause or reason shall be required.
(d) In the event of termination, the Company shall pay commissions to the Service Agent on all
service orders accepted and delivered by the Company originating from service, support and or
products delivered by the Service Agent providing such orders were entered before the termination
date. All Commissions originating from service, support and or sale of product will be distributed, as
previously indicated, upon receipt of payment from client. After which, the Company shall have no
further obligation whatsoever to pay commissions or other compensation to the Service Agent for
services performed hereunder.
(e) This Agreement may not be transferred or otherwise assigned by the Service Agent.
(15) PRIOR AGREEMENTS AND REVISIONS. This Agreement supersedes and replaces any and all prior
understandings, commitments or agreements between the parties with respect to subject matter hereof and may only
be amended, revised or otherwise modified by a written document signed by all parties hereto.
(16) ENTIRE AGREEMENT. This Agreement contains the entire understanding between the parties. If any provision
or provisions hereof are held to be contrary to law, the remaining provisions shall be binding upon the parties.
(17) ARBITRATION. In the event of a dispute or disagreement between the parties, both parties shall submit their
claims to arbitration in the State of New York, under then current rules of the American Arbitration Association.
The parties agree to be bound by the arbitrator's decision, and they further agree that a judgment upon the award
may be entered in any court of competent jurisdiction. The parties hereto agree and stipulate that this agreement
shall be interpreted in accordance with the laws of the State of New York, excluding choice of law provisions.
(18) EFFECTIVE DATE. This Agreement shall be effective as of the date of its execution by the parties. It shall remain
in effect from the date of signature until written request is made for the termination by either party
according to the established procedures specified in Paragraph 13 above.
IN WITNESS WHEREOF, the parties have affixed their signatures as of the day and year indicated below.
(Signature) ________________________________________ (Signature) ________________________________________
(Printed Name) ____________________________________ (Printed Name) ____________________________________
(Date) ____________________ (Date) ____________________