Agreement and Property Sample Clauses

The "Agreement and Property" clause defines the ownership and rights related to property or assets involved in the contract. It typically clarifies which party retains or transfers ownership of specific property, such as intellectual property, equipment, or materials, during or after the agreement's term. For example, it may state that any work product created under the agreement belongs to the client, or that equipment provided must be returned at the end of the contract. This clause ensures both parties understand their rights and responsibilities regarding property, preventing disputes over ownership and use.