PURPOSE/PROJECT/USE Sample Clauses
The PURPOSE/PROJECT/USE clause defines the specific intent, scope, or permitted uses of the subject matter within an agreement, such as a product, service, or intellectual property. It typically outlines what the parties are allowed to do with the item or service, for example, restricting use to a particular project, geographic area, or type of activity. By clearly delineating the allowed purposes or uses, this clause helps prevent misunderstandings and disputes over unauthorized or unintended applications, ensuring both parties are aligned on the scope of their rights and obligations.
PURPOSE/PROJECT/USE. 4.1 The Parties agree that the Schedule Property has been allotted to the LESSEE by the LESSOR for setting up of ……………………………………… (“the Project” or “the Purpose” or “the Use”). The LESSEE shall implement the said Project and commence commercial operations within ( ) years from the Handover Date.
PURPOSE/PROJECT/USE. 4.1 The Parties agree that the Schedule Property has been allotted to the Intending LESSEE by the LESSOR for setting up of ……National Day School in Amaravati…… (“the Project” or “the Purpose” or “the Use”). The Intending LESSEE shall implement the said Project and commence commercial operations as laid down herein after.