Non-Owned Clause Samples

The 'Non-owned' clause defines the treatment of property, assets, or items that are not legally owned by the party in question under the agreement. Typically, this clause clarifies whether the contract's terms, such as insurance coverage or liability provisions, extend to items that are in the party's possession but owned by someone else, such as leased equipment or borrowed vehicles. Its core function is to allocate responsibility and clarify coverage for non-owned property, thereby preventing disputes over liability or insurance in the event of loss or damage.