Common use of Interior Design Clause in Contracts

Interior Design. 3.2.1 to procure suitable professions to design the interior of the Centre in an eco-friendly and sustainable manner which shall not only save costs on energy-related expenses but also contribute to a better environment of Dongguan as a whole; and 3.2.2 to assist the Proprietor to supervise the decoration works derived from its design and to realize the same. The works are to be carried out by contractors engaged by the Proprietor with the consent of the Consultant of such an engagement. 3.2.3 For avoidance of any doubt, all items purchased by the Proprietor shall at all times be owned by and are properties of the Proprietor except those invested in by the Consultant which shall at all times be owned by and are properties of the Consultant. Upon the expiration or earlier termination of the Term for whatsoever reason, the Consultant is entitled to remove and take away all items the Consultant purchased such that the costs of such removal, transportation and storage of such items are to be borne solely by the Proprietor. The Consultant is also entitled to recover the net asset value of renovation on the Centre, which is the cost minus depreciation. Depreciation is based on the five-year straight-line method used by the Consultant.

Appears in 3 contracts

Sources: Consultancy Agreement (Green Solutions China, Inc.), Consultancy Agreement (Green Solutions China, Inc.), Consultancy Agreement (China Green, Inc.)