Licensee’s Property and Equipment Clause Samples

Licensee’s Property and Equipment. 2.9.1 All equipment, materials, and/or supplies needed for setups (“Licensee Equipment”); platforms, stagings or other temporary structures (“Stagings”) to be erected by Licensee or Licensee’s Contractors and approved in writing in advance by the College; and/or any decorations, displays, signage, and exhibits (“Decorations and Exhibits”) to be used by the Licensee shall be provided by the Licensee at its sole cost. The Licensee shall be solely responsible for setting up and taking down Licensee Equipment, Stagings, and Decorations and Exhibits used within the Premises for its event. Only free-standing Decorations and Exhibits are permitted in the Premises. Decorations and Exhibits and Licensee’s Equipment may not be hung from the ceiling or attached to walls. Nails, tacks, tape or other affixing devices are prohibited from use. Confetti, glitter, hay, sawdust, rose petals, fireworks, and sparklers are not allowed at the Facility or in the Premises. 2.9.2 By the end of the Usage Time, the Licensee shall remove any Licensee Equipment, Stagings, Decorations and Exhibits, and any other goods, items, and materials of every nature and character and regardless of ownership that Licensee brought into the Premises (collectively referred to as “Licensee Property”). All responsibility and liability for removal of Licensee Property and costs of removal shall be paid by Licensee. In the event that the Licensee fails to vacate the Premises and remove Licensee Property by the end of the Usage Time, Licensee expressly authorizes the College to remove the Licensee Property and to store the Licensee Property at the sole expense of Licensee. The College shall have no liability for damage to or loss of any Licensee Property or for the storage of Licensee Property either before or after the Usage Time and the Licensee expressly releases the College from any and all claims for damages of whatever kind or nature to the Licensee Property.