The Conveyed Assets Sample Clauses

The "Conveyed Assets" clause defines exactly which assets are being transferred from the seller to the buyer as part of a transaction. It typically lists or describes the specific items, rights, or interests included in the sale, such as equipment, intellectual property, contracts, or inventory, and may also clarify any exclusions. By clearly identifying what is and is not being conveyed, this clause ensures both parties have a mutual understanding of the scope of the transfer, thereby reducing the risk of disputes over ownership after the transaction closes.