Survive the Term of This Agreement

When entering into a contract or agreement, it`s important to understand the terms and conditions outlined within the document. One phrase that you may come across is “survive the term of this agreement.” This phrase typically refers to the obligations and duties that continue even after the contract or agreement has expired.

For example, if you entered into an employment contract with a non-compete clause, that clause may survive the term of the agreement even after you have left the company. This means that you may still be bound by the non-compete agreement even if you are no longer employed by the company.

Another example is in a lease agreement for a rental property. The tenant may be required to leave the property in the same condition as when they moved in, even after the lease has expired. This obligation would survive the term of the agreement and the tenant could still be held responsible for damages or repairs that are discovered after they have moved out.

It`s important to carefully review any contract or agreement that contains the phrase “survive the term of this agreement” and understand what obligations will continue even after the agreement has expired. This can impact your future actions and even potential legal consequences.

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