What is the role of the Survival clause in the Agreement?

The Survival clause plays a significant role in legal agreements by ensuring that certain responsibilities or obligations remain in effect even after the main agreement has been terminated. This is particularly important in contracts where specific provisions—such as confidentiality, indemnification, liability, or payment obligations—are essential for protecting the interests of one or both parties beyond the termination of the contract.

By including a Survival clause, the parties acknowledge that while the overall agreement may end, certain critical elements need to persist to provide continuity, legal protection, or compliance with relevant laws and regulations. This clause effectively establishes which parts of the agreement remain enforceable, thereby allowing parties to continue averting disputes and managing risks even after the contractual relationship has concluded.

Other options suggest different interpretations of the clause's purpose, such as renegotiation or outright cancellation of obligations, which do not align with the fundamental function of the Survival clause within an agreement.