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in bankruptcy, or under any other insolvency or similar law; (iii) the dissolution of <br />the IRC; or (iv) the failure of the IRC to comply with any of the terms, provisions, <br />obligations, representations or warranties of this agreement. <br />6.2 Waiver of Damages <br />The termination of this Agreement by either party, however brought about, shall not <br />entitle either party to any termination or severance compensation or to any payment for any good <br />will established by either party during the term of this Agreement or render either party liable for <br />damages as a result of the loss of prospective profits or any expenditure, investment or obligation <br />incurred or made by either party. <br />6.3 Return of Test Equipment <br />Upon termination or expiration of this Agreement, Scott reserves the right to require the <br />IRC to return all manuals, instructions, guides, service bulletins, and other similar materials <br />furnished by Scott and all Scott manufactured test equipment (Scott Test Stands) F.O.B. Scott's <br />plant or other destination specified by Scott, when this request is made in writing to the IRC. <br />The IRC will be credited in the amount equal to the IRC's cost at the time of purchase of the <br />Scott manufactured test equipment, less any repair costs for the Scott manufactured test <br />equipment so as to render the equipment properly operational. Should Scott require return of <br />materials and equipment pursuant to this section and the IRC no longer uses Scott equipment, <br />Scott will provide a cash payment instead of a credit. <br />6.4 Continuing Obligations <br />Termination of this Agreement shall not effect the IRC's obligations under Article V <br />hereinabove, and such obligations shall remain in full force and effect. The IRC agrees that it <br />will not harm or attempt to harm the reputation of Scott or its products. <br />ARTICLE VII <br />GENERAL <br />7.0 No Waiver <br />The failure of Scott to enforce at any time any provision of this Agreement, or to exercise <br />any option which is herein provided, or to require or fail to require at any time performance by <br />the IRC of any provision hereof, shall in no way affect the validity or act as a waiver of this <br />Agreement, or any part hereof, or the right of Scott thereafter to enforce it. <br />7.1 Notice <br />Any notice or other communication required by this Agreement will be deemed to have <br />been duly given, if deposited in the U.S. mail, postage prepaid, and addressed to the party <br />entitled to receive it at the address set forth above. <br />7.2 Severability <br />If any term or provision of this Agreement shall to any extent be determined to be void, <br />invalid, or unenforceable, or should violate any law of the United States, this Agreement shall be <br />considered divisible as to such provisions, both the enforceability or validity of the remainder of <br />the Agreement shall not be affected. <br />