Tangible Property Rights Clause Samples
The Tangible Property Rights clause defines the ownership and control of physical assets involved in a contractual relationship. It typically specifies which party retains or receives rights to items such as equipment, materials, or products, and may outline procedures for transfer, use, or return of these assets. By clearly allocating rights and responsibilities regarding tangible property, this clause helps prevent disputes over ownership and ensures that both parties understand their obligations concerning physical items.
Tangible Property Rights. ECOLOGY's current edition of "Administrative Requirements for Recipients of Ecology Grants and Loans," shall control the use and disposition of all real and personal property purchased wholly or in part with funds furnished by ECOLOGY in the absence of state and federal statutes, regulations, or policies to the contrary, or upon specific instructions with respect thereto in this Agreement.
Tangible Property Rights. The DEPARTMENT's current edition of "Administrative Requirements for Recipients of Ecology Grants and Loans", Part V, shall control the use and disposition of all real and personal property purchased wholly or in part with funds furnished by the DEPARTMENT in the absence of state, federal statute(s), regulation(s), or policy(s) to the contrary or upon specific instructions with respect thereto in the Scope of Work.
Tangible Property Rights. Where personal property, if provided by ECOLOGY, having an acquisition cost of $300.00 or more per unit and a useful life of more than three years is furnished directly to ORCAA for use in performance of the project, it shall be returned to ECOLOGY within 30 days of the site shut down or termination of this contract.
Tangible Property Rights. The owner of tangible property necessary for project solution and acquired by using the proceeds of the Czech Project Fund or the Taiwan Project Fund is the Party which has acquired the said property by using its portion of such funds or created it during project solution. If this property has been acquired or created jointly by two or more of the Parties, their share in this property is equal unless they agree otherwise. The property obtained by any Project Participant by meeting the project targets and acquired by using its portion of the funds provided it cannot be disposed of or transferred by any other Project Participant vis-à-vis or to any third party without prior written consent of such Project Participant, until all the commitments resulting for the other project participant from the Agreement have fully been settled. The Parties undertake to make mutually accessible the facilities necessary for the project solution.
Tangible Property Rights. Authorization to use any software or hardware provided by Consultant to the Client provides a personal, non-exclusive, limited, non-transferable and temporary license. All rights are reserved. The Client may not re-publish, transmit, distribute, sell, lease, sublet or make any unauthorized use of Consultant property. Modification of such materials or the use of such materials for any purpose not authorized by Consultant is prohibited. Client agrees to act in good faith and maintain in good physical and working order any hardware, software or other tangible items belonging to Consultant that are installed, lent to, leased to, or for any other reason in possession by Client or Client personnel. In the event of damage, theft, modification, defacing, loss of, or any other acts considered beyond what would be considered “normal wear” the Client will be responsible reimbursing consultant for repair and/or replacement of such material in an amount determined by consultant to be “fair market value” and will be due immediately at any time requested by consultant.
Tangible Property Rights. (a) All tangible assets (bewegliche Sachen) which are used for the BUSINESS or located on the real property owned, used or in possession of the COMPANY, are owned or properly leased in the ordinary course of business by the COMPANY, save for items of minor value that are provided to the COMPANY in connection with services, such as waste containers, gas cylinders and similar items.
(b) Except as otherwise expressly indicated in this AGREEMENT:
(i) the COMPANY or the SUBSIDIARY, as the case may be, has good and valid title to, or is in lawful possession of, each item of such tangible property free and clear of all liens, encumbrances, security interests and similar rights of third parties (except for liens or security interests in the ordinary course of commercial or banking transactions); no property is pledged or assigned as security to banks or other financial institutions as collateral;
(ii) each item of tangible personal or leased property is in good operating condition, repair and maintenance and is fit for its intended purposes;
(iii) the COMPANY is the owner of the partnership interests in the SUBSIDIARY free and clear of restrictions, encumbrances or any third party rights whatsoever, unless otherwise provided by the limited partnership agreement of the SUBSIDIARY;
(iv) all current assets (Gegenstande des Umlaufvermogens) are unrestrictedly owned by the COMPANY and the SUBSIDIARY, as the case may be, and are not encumbered with any rights of third parties with the exception of retention of title rights of suppliers or other security rights for obligations entered into in the ordinary course of business.
Tangible Property Rights. Authorization to use any software or hardware provided by Consultant to the Client provides a personal, non-exclusive, limited, non-transferable and temporary license. All rights are reserved. The Client may not re-publish, transmit, distribute, sell, lease, sublet or make any unauthorized use of Consultant property. Modification of such materials or the use of such materials for any purpose not authorized by Consultant is prohibited. Client agrees to act in good faith and maintain in good physical and working order any hardware, software or other tangible items belonging to Consultant that are installed, lent to, leased to, or for any other reason in possession by Client or Client personnel. Every effort will be made to ensure intellectual property installed by the consultant does or will not infringe on the client’s intellectual property. In the event of damage, theft, modification, defacing, loss of, or any other acts considered beyond what would be considered “normal wear” the Client will be responsible reimbursing consultant for repair and/or replacement of such material in an amount determined by consultant to be “fair market value” and will be due immediately at any time requested by consultant.
Tangible Property Rights. Authorisation to use any software or hardware provided by IT Genie to the Customer provides a personal, non-exclusive, limited, non-transferable and temporary license. All rights are reserved. The Customer may not re-publish, transmit, distribute, sell, lease, sublet or make any unauthorized use of IT Genie property. Modification of such materials or the use of such materials for any purpose not authorized by IT Genie is prohibited. Customer agrees to act in good faith and maintain in good physical and working order any hardware, software or other tangible items belonging to IT Genie that are installed, lent to, leased to, or for any other reason in possession by Customer or Customer personnel. In the event of damage, theft, modification, defacing, loss of, or any other acts considered beyond what would be considered “normal wear” the Customer will be responsible reimbursing IT Genie for repair and/or replacement of such material in an amount determined by IT Genie to be “fair market value” and will be due immediately at any time requested by IT Genie.
Tangible Property Rights