Accounts Distributions and Releases Sample Clauses

The "Accounts, Distributions and Releases" clause governs how financial records are maintained, how funds or assets are distributed among parties, and the conditions under which parties are released from further obligations. Typically, this clause outlines the process for preparing and providing account statements, the timing and method of distributions, and the documentation required for releases. Its core function is to ensure transparency in financial dealings, provide a clear framework for the allocation of assets, and formally conclude obligations, thereby reducing the risk of future disputes.