Common use of Sole Property Clause in Contracts

Sole Property. Once Prestige has purchased the Accounts, the payment from account debtors relative to the Accounts is the sole property of Prestige. Any interference by Seller with this payment will result in civil and/or criminal liability.

Appears in 13 contracts

Samples: Purchase and Sale Agreement (Fusion Telecommunications International Inc), Purchase and Sale Agreement (Trans Lux Corp), Purchase and Sale Agreement (SharedLabs, Inc)

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Sole Property. Once Prestige has purchased the Accounts, the payment from account debtors relative to the Accounts is the sole property of Prestige. Any interference by Seller with this payment will may result in civil and/or criminal liability.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (OMNIQ Corp.), Emmaus Life Sciences, Inc.

Sole Property. Once Prestige has purchased the Accounts, the payment from account debtors relative to the Accounts is the sole property of Prestige. Any interference by Seller with this payment shall be deemed tortous and will result in civil and/or criminal liability. Prestige will provide Seller with online access to all information relating to the collection of the Accounts including accounts receivable aging and collection reports.

Appears in 1 contract

Samples: Purchase and Sale Agreement (SLS International Inc)

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Sole Property. Once Prestige has purchased the Accounts, the payment from account debtors relative to the Accounts is the sole property of Prestige. Any interference by Seller with this payment will result in civil and/or criminal liability.

Appears in 1 contract

Samples: Northgate Innovations Inc

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