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This document is essential when parties wish to formally end their existing licensing relationship in New Zealand. The Terminating A Licence Agreement is typically used when either party wishes to end the arrangement before its natural expiry, when the license term has reached its conclusion, or when there has been a material change in circumstances requiring termination. It addresses crucial elements such as the cessation of rights, handling of intellectual property, outstanding payments, and ongoing obligations. The document must comply with New Zealand contract law, the Fair Trading Act 1986, and other relevant legislation. It's particularly important in commercial relationships involving intellectual property, technology, or other licensed assets where a clear cutoff point and post-termination obligations need to be established.

1. Parties: Identification of the licensor and licensee, including full legal names and addresses

2. Background: Brief history of the license agreement, including reference to the original agreement date and key terms

3. Definitions: Key terms used throughout the termination agreement

4. Termination Date: Clear specification of when the license agreement will terminate

5. Acknowledgment of Termination: Mutual acknowledgment that the license agreement is being terminated

6. Outstanding Obligations: Statement of any remaining payments, royalties, or other obligations that must be fulfilled

7. Return of Materials: Requirements for returning or destroying licensed materials, documentation, or property

8. Confidentiality: Ongoing obligations regarding confidential information after termination

9. Survival Clauses: Identification of which provisions from the original agreement survive termination

10. Release: Mutual release of claims related to the license agreement

11. Governing Law: Confirmation that New Zealand law governs the termination

12. Execution: Signature blocks and execution requirements