XIII. BANKRUPTCY AND INSOLVENCY
If a petition in bankruptcy shall be filed by or against the Retailer, or if it shall be judged insolvent by any court, or if a Trustee or a Receiver of any property of the Retailer shall be appointed in any suit or proceeding by or against the Retailer, or if the Retailer shall make an assignment for the benefit of creditors or shall take the benefit of any bankruptcy or insolvency Act, or if the Retailer shall liquidate its business for any cause whatsoever, this agreement shall terminate automatically without notice, and such termination shall be effective as of date of the filing of such petition, adjudication, appointment, assignment or declaration or commencement of reorganization or liquidation proceedings, and all rights granted hereunder shall thereupon revert to the Artist.