Joint Property means property that is owned by 2 or more persons with rights of survivorship, and includes a tenancy by the entireties in real property, a tenancy in personal property as provided in section 1 of 1927 PA 212, MCL 557.151, a joint tenancy, a joint tenancy with rights of survivorship, and a joint life estate with contingent remainder in fee. For purposes of this part, joint property is considered to consist of a present interest and a future interest. The future interest is the right of survivorship.
Joint Property means all property acquired and held for use in connection with operations under this Participation Agreement;
Joint Property means the real and personal property subject to the agreement to which this Accounting Procedure is attached.
Examples of Joint Property in a sentence
The Parties shall consult and provide reasonable assistance to each other in securing and perfecting any Intellectual Property Rights as may exist in Joint Property.
Joint Property shall be owned by JapanJV and USCo during the Term of the Agreement and thereafter by JapanCo and USCo or their permitted successors or assigns in perpetuity, throughout the world, free of any claim by JapanJV or any third party, except as otherwise provided herein.
More Definitions of Joint Property
Joint Property means, at any point in time, all xxxxx, facilities, equipment, materials, information, funds and the property held for use in Joint Operations.
Joint Property means all property where legal title is acquired and held in connection with Petroleum Operations under the Contract;
Joint Property means all assets of any nature whatsoever, the cost of which is chargeable to the Joint Account and shall include, but not be limited to, buildings, lands, material, equipment and fixtures acquired for the purposes hereof and other rights and all Joint Account funds.
Joint Property means the real and personal property subject to the Agreement.
Joint Property means equipment acquired for the Joint Operations and fixed property subordinated the Joint Operating Agreement.
Joint Property means personal and real property acquired under joint ownership by the Parties and kept by the CONTRACTOR for the purposes of utilization in connection with the conduct of Petroleum Operations.
Joint Property means all property acquired and held in connection with upstream petroleum operations under the contract;