Property Assignment Clause Samples
A Property Assignment clause transfers ownership or rights to specific property from one party to another under the terms of an agreement. This clause typically outlines what property is being assigned—such as intellectual property, real estate, or equipment—and specifies the effective date and any conditions for the transfer. Its core function is to ensure a clear and legally binding transfer of property rights, thereby preventing future disputes over ownership or usage.
Property Assignment. Assignor hereby perpetually, irrevocably, and unconditionally assigns, transfers, and conveys to Assignee and its successors and assigns, all of Assignor’s right, title, and interest in and to the Assigned Property. Assignor further perpetually, irrevocably, and unconditionally assigns, transfers, and conveys to Assignee and its successors and assigns all claims for past, present and future infringement or misappropriation of the Intellectual Property Rights included in the Assigned Property, including all rights to s▇▇ for and to receive and recover all profits and damages accruing from an infringement misappropriation prior to the Effective Date as well as the right to grant releases for past infringements. Assignor hereby waives and agrees not to enforce all Moral Rights and all Personality Rights that Assignor may have in the Assigned Property. On the Effective Date, WRMT shall exclusively own all right, title, and interest in and to the Assigned Property.
Property Assignment. 38.1 The Siksika Nation will recognize a beneficiary of the deceased that is named in the Property Assignment, Schedule B of the Homeownership Agreement, as the lawful heir with sole ownership rights to the premise.
38.2 The beneficiary will be required to complete the process outlined in Section 30 to have the Certificate of Homeownership transferred.
38.3 The Siksika Housing will treat the transfer as an approval and follow the guidelines outlined in Section 31 of this Policy.
38.4 A private homeowner can change their beneficiary at any time by filing a new Property Assignment with Siksika Housing. IT IS UNDERSTOOD AND AGREED that the Releaser had the opportunity to inspect the Siksika House and observe its physical characteristics and existing conditions; AND IT IS UNDERSTOOD AND AGREED that the Siksika Nation has made no representation or warranty whatsoever with respect to the Siksika House, including any representation or warranty of (a) merchantability; or (b) fitness for a particular purpose; AND IT IS UNDERSTOOD AND AGREED that the Releaser has not relied on any representation or warranty made by the Siksika Nation, or any other person on the Siksika Nation’s behalf; AND IT IS UNDERSTOOD AND AGREED that in the event the Releasor should hereafter commence any proceedings involving any Claims against the Siksika Nation relating to the matters dealt with in this release, this document may be raised as an estoppel to any such Claims in the proceedings; AND IT IS UNDERSTOOD AND AGREED in the event the Releasor commences any such proceedings, the Releaser undertakes and agrees to indemnify the Releasee, on a solicitor and client basis, in respect of any legal fees incurred in relation to any such Claims; AND FOR THE AFORESAID CONSIDERATION the Releasor hereby acknowledges, declares and agrees that it is satisfied with the information provided and has no outstanding requests for information, that it has had sufficient time and opportunity to seek independent legal and other professional advice with respect to the terms of this release, that it understands the terms of this release and voluntarily accepts the consideration referred to above for the purpose of the conditional approval for private homeownership, and represents and warrants that it has not been induced to enter into this release by reason of any representation or warranty of any nature or kind whatsoever; THIS RELEASE SHALL BE BINDING upon and shall enure to the benefit of the respective suc...
Property Assignment. Notwithstanding anything to the contrary contained herein, each Seller (a) acknowledges and consents that the Purchaser has sold its rights, title and interest in the Property to FIRF who has assigned such rights, title and interest as collateral pursuant to the Security Agreement to the Collateral Agent, for the benefit of the Secured Parties, and (b) agrees to attorn to the Collateral Agent in the event of its succession to the rights and interest of the Purchaser hereunder by reason of foreclosure or otherwise.
Property Assignment use its reasonable endeavours to procure the consent of the landlord of the leasehold property at Unit ▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇stle Donington to the assignment of the property to the Borrower within 60 days of Completion and shall (within ten working days of the issue of such consent) complete the assignment to the Borrower;