Common use of Disposition of Property Clause in Contracts

Disposition of Property. At the completion of the term of this Agreement, items of property with an acquisition value greater than $5,000 shall be disposed of in the following manner: Purchased by the Performer at an agreed-upon price, the price to represent fair market value, with the proceeds of the sale being returned to DARPA; or Transferred to a Government research facility with title and ownership being transferred to the Government; or Donated to a mutually agreed University or technical learning center for research purposes; or Any other DARPA-approved disposition procedure.

Disposition of Property. At the completion of the term of this Agreement, items of property set forth in this Agreement or any other items of property with an acquisition value greater than $5,000 shall be disposed of in the following manner: Purchased by the Performer at an agreed-upon price, the price to represent fair market value, with the proceeds of the sale being returned to DARPA; or Transferred to a Government research facility with title and ownership being transferred to the Government; or Donated to a mutually agreed University or technical learning center for research purposes; or Any other DARPA-approved disposition procedure.or

Disposition of Property. At the completion of the term of this Agreement, items of property set forth in this Agreement or any other items of property with an acquisition value greater than $5,000 shall be disposed of in the following manner: Purchased by the Performer at an agreed-upon price, the price to represent fair market value, with the proceeds of the sale being returned to DARPA; or Transferred to a Government research facility with title and ownership being transferred to the Government; or Donated to a mutually agreed University or technical learning center for research purposes; or Any other DARPA-approved disposition procedure.