Common use of Project Conclusion Clause in Contracts

Project Conclusion. The Grantee shall provide MDA with a copy of the Grantee’s agreement with the person on whose land the technology project will be installed explaining their intentions regarding the project’s operation once the requisite operational period has concluded. For example, do they intend that the project, if successful, will continue operating at this location following the requisite one-year operational period? If so, the agreement should state the conditions under which it would continue to operate. Do they intend that the project’s operation will cease at the project’s conclusion? If so, the agreement should state the reasons that might cause the cessation of the project’s operation. Do they intend that any structure built for the project will be dismantled or otherwise disposed of at the project’s conclusion? If so, the agreement should state the reasons that might cause the dismantling or disposal of such structures. Do they intend that the Grantee will step aside at the project’s conclusion, and turn the project’s operation over to the farm operator? If so, the agreement should state how this transition will occur.