Common use of Articles of Value Clause in Contracts

Articles of Value. All archaeological relics, artifacts, minerals, fossils, coins, articles of value or antiquity structures and any other remains of geological or archaeological interest discovered on the Demised Premises and the Access Road Corridor shall, be deemed to be the absolute property of NCC, and the Company shall at its own expense take all necessary precautions to prevent its employees, representatives and Contractor(s) or other persons from removing or damaging any such article or thing and shall immediately upon discovery thereof, and before removal, acquaint NCC with such discovery, comply with all requirements of the Laws of Bangladesh pertaining to the same or, if no such requirements relate, comply with the reasonable instructions of NCC as to the disposal or preservation of the same.

Appears in 2 contracts

Sources: Land Use Agreement, Land Use Agreement