Apportionment of Clause Examples for Any Agreement
The "Apportionment of" clause defines how certain rights, obligations, or benefits are divided among parties under a contract. In practice, this clause may specify how payments, liabilities, or entitlements are distributed, such as splitting rental income between a landlord and a tenant or allocating costs among joint venture partners. Its core function is to ensure a clear and fair distribution of responsibilities or benefits, thereby preventing disputes over who is entitled to what under the agreement.
Apportionment of all costs related to the dispute resolution process: Each party shall pay one-half of the reasonable fees and expenses of the neutral third party. All other fees and expenses of each party, including without limitation, the fees and expenses of its counsel, shall be paid by the party incurring such costs.