Address of the Allottee Clause Samples

The 'Address of the Allottee' clause specifies the official address of the individual or entity receiving an allotment, such as a property or shares, for all formal communications related to the agreement. This clause typically requires the allottee to provide a current and accurate address and may outline procedures for updating the address if it changes during the term of the agreement. Its core function is to ensure that all notices, correspondence, and legal documents are reliably delivered to the correct party, thereby preventing disputes or missed communications due to address errors.