Clause 14
...that if one of signatory teams stops competing in the World Championship because of "insolvency" its rights will cease immediately.
[16]
"If any one of the Signatory Teams shall cease to be a constructor within the meaning of Schedule 3
hereto and/or to participate in the FIA FI Championship ("Cessation") its rights and obligations
hereunder....shall immediately terminate. For the avoidance of doubt if a Signatory Team fails to
participate in an Event, without prejudice to any other provision of this Agreement, its rights and
obligations hereunder shall continue unless such failure to participate was due to the insolvency of
the Signatory Team or as a result of the withdrawal of the Signatory Team from the remaining Events
of the relevant FIA F1 Championship. Notwithstanding that the provisions of this Clause 14 shall be
without prejudice to any of the accrued rights of the parties to this Agreement prior to or as a
result of such Cessation, any privileges enjoyed by the Signatory Teams prior to the Cessation which
are based on historic performance shall permanently cease immediately on such Cessation."
[15]