（2）if licensee files a petition in bankruptcy or is adjudicated a ankrupt or if a petition in bankruptcy is filed against licensee or if it ecomes insolvent， or makes an assignment for the benefit of its creditors r an arrangement pursuant to any bankruptcy law， or if licensee iscontinues its business or if a receiver is appointed for it or its usiness， the license hereby granted shall automatically terminate orthwith without any notice whatsoever being necessary. in the event this icense is so terminated， licensee， its receivers， representatives， rustees， agents， administrator， successors and/or assigns shall have no ight to sell， exploit or in any way deal with or in any articles covered y this agreement or any carton， container， packing or wrapping material， dvertising， promotional or display material pertaining thereto， except ith and under the special consent and instructions of licensor in riting， which they shall be obligated to follow.
（3）if licensee shall violate any of its other obligations under the erms of this agreement， licensor shall have the right to terminate the icense hereby granted upon _________ days' notice in writing， and such otice of termination shall become effective unless licensee shall ompletely remedy the violation within the _________ day period and satisfy icensor that such violation has been remedied.
（4）termination of the license under the provisions of paragraph 12 hall be without prejudice to any rights which licensor may otherwise have gainst licensee. upon the termination of this license， notwithstanding nything to the contrary herein， all royalties on sales theretofore made hall become immediately due and payable and no minimum royalties shall be epayable or avoidable.
13. sponsorship by competitive product
in the event that any of the articles listed in paragraph 1 conflicts ith any product of a present or future sponsor of a program on which the ame appears or is used， or with any product of a subsidiary or affiliate f such sponsor， then licensor shall have the right to terminate this greement as to such article or articles by written notice to licensee ffective not less than _________ days after the date such notice is given. n the event of such termination， licensee shall have _________ days after he effective date of such termination to dispose of all of such articles n hand or in process of manufacture prior to such notice， in accordance ith the provisions of paragraph 15. however， in the event such ermination is effective as to all the articles subject to this agreement nd the advance guarantee for the then current year has not been fully ccounted for by actual royalties by the end of the _________ disposal eriod， licensor shall refund to licensee the difference between the dvance guarantee which has been paid for such contract year and the ctual royalties. the refund provision contained in the preceding sentence ertains only to termination occurring pursuant to this paragraph 13， and hall not affect the applicability of any other paragraph to such ermination except as expressly contradicted herein.
14. final statement upon termination or expiration
_________ days before the expiration of this license and， in the event of ts termination， _________ days after receipt of notice of termination or the appening of the event which terminates this agreement where no notice is equired， a statement showing the number and description of articles overed by this agreement on hand or in process shall be furnished by icensee to licensor. licensor shall have the right to take a physical nventory to ascertain or verify such inventory and statement， and refusal y licensee to submit to such physical inventory by licensor shall forfeit icensee's right to dispose of such inventory， licensor retaining all ther legal and equitable rights licensor may have in the circumstances.