Interesse Termini Sample Clauses
The "Interesse Termini" clause defines the interest or rights a party holds in a property or contract during a specified term before the actual possession or full rights are transferred. In practice, this clause is often used in lease agreements, where a tenant may have a legal interest in the property from the date the lease is signed, even if they do not take physical possession until a later date. This ensures that the tenant's rights are protected during the interim period and clarifies the distinction between having a legal interest and actual possession. The core function of this clause is to allocate and clarify the rights and obligations of parties during the period between contract execution and the commencement of full possession or use, thereby preventing disputes over entitlement during this transitional phase.
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Interesse Termini. The Landlord and Tenant acknowledge and agree that for all purposes of this Lease including, without limitation, for the purpose of the Tenant enforcing its right to exclusive possession of the Premises, the parties specifically waive the applicability of the common law doctrine of interesse termini (the “Doctrine”) and agree that the Doctrine shall not be applicable to this Lease or the rights of the Tenant under this Lease and the Tenant shall be entitled to enforce its rights and remedies contained in this Lease and at law (including, without limitation, obtaining an order for specific performance) as if the Doctrine had been abolished in the Province of Ontario.