Project Assets Received Clause Samples
The 'Project Assets Received' clause defines the process and requirements for acknowledging the transfer or delivery of assets related to a project. Typically, this clause specifies what constitutes a project asset—such as documents, equipment, or intellectual property—and outlines the procedures for confirming their receipt, including timelines and documentation. Its core function is to ensure both parties have a clear record of which assets have been delivered and accepted, thereby reducing disputes and providing accountability in the project workflow.
Project Assets Received. The amount of all assets it receives for Project use, including, but not limited to:
Project Assets Received. The amount of all assets it receives for Project use, including, but not limited to:
1. All funds or the value of any property the Federal and/or State Government provides for the Project, and
2. All other funds and the value of any property or services it has received from sources other than the Federal and/or State Government provided for, accruing to, or otherwise received on account of the Project,