6 6After the contractenters into force, the Designer may requireterminationorcancellation of the contract and the Designer shouldreturn the down payment in double.
Ltd. will wind down over the course of two years following the termination of the cooperation contracts, Swatch said in its statement, adding that it will seek damage claims.
Moreover, firms are starting to draw down the carried interest well in advance of a fund's termination -- typically ten years -- realizing those gains when a company in the portfolio goes public or gets bought out.