Maestro Global Rules (PDF) - MasterCard

Participation
1.7 Termination of License
NOTE
application to be a Customer or application for a License, or both, as the
case may be.
Additional regional Rules on this topic appear in Chapter 15, “Asia/Pacific
Region,” of this rulebook.
1.7 Termination of License
A Customer License may terminate in one of two ways: voluntary termination
and termination by the Corporation. Rights, liabilities and obligations of
terminated Customers are set forth in Rule 1.7.4 of this rulebook.
NOTE
Additional regional Rules and Rules variations on this topic appear in Chapter
17, “Europe Region,” of this rulebook.
1.7.1 Voluntary Termination
1.7.1.1 Principal
A Principal may voluntarily terminate its License.
In order to voluntarily terminate its License, the Customer must give written
notice addressed to the Secretary of this Corporation by registered or certified
mail, return receipt requested, or by personal or reputable courier service.
The notice must:
1. State that the notice is a notice of termination;
2. Be received by the Secretary;
3. Fix a date on which the termination will be effective, which must be at least
one (1) year after the notice is received by the Secretary; and
4. Be otherwise in the form as may be required from time to time by the
Corporation.
1.7.1.2 Affiliate
An Affiliate must give, through its Sponsoring Principal, at least six (6)
months prior written notice to the Corporation of its intent to withdraw from
participation in the Corporation unless the Corporation approves a shorter
period.
A Principal that Sponsors a withdrawing Affiliate is responsible for notifying the
Corporation of the Affiliate’s compliance with the Rules.
©1993–2012 MasterCard. Proprietary. All rights reserved.
1-8 9 November 2012 • Maestro Global Rules