Property relations Clause Samples
The 'Property relations' clause defines the ownership and usage rights of property relevant to the agreement. It typically outlines which party holds title to specific assets, how property acquired during the contract is managed, and the procedures for transferring or returning property at the end of the relationship. This clause ensures clarity regarding property rights and responsibilities, helping to prevent disputes over ownership or use of assets during and after the contractual period.
Property relations. Each of the Couple undertakes to pay the other all payments and grants the other party all rights as obligated from the provisions of the Property Relations Between Spouses Law, 5733 - 1973 and the competent interpretations thereof as of the date of the division of the property, including the Resources Balancing Arrangement.
Property relations. 8.2.1 As of the date hereof and as of the TRANSFER DATE, the TARGET COMPANIES have the right to own or use the fixed assets ("Gegenstande des Anlagevermogens") and inventories necessary for carrying out the ACQUIRED BUSINESS. As of the date hereof and as of the TRANSFER DATE, the fixed assets owned by TARGET COMPANIES and necessary for carrying out the ACQUIRED BUSINESS are free from rights of third parties except for retentions of title or other similar security rights arisen in the ordinary and usual course of business.
8.2.2 Except as disclosed in Exhibit 8.2.2 (i.e. subject to registration with the land register), Exhibit 8.
Property relations. All goods from Profort A/S remain until the final payment of all receivables the property of Profort A/S.