Existing Portfolio Clause Samples

The "Existing Portfolio" clause defines and governs the treatment of assets, investments, or intellectual property that a party already owns prior to entering into an agreement. Typically, this clause clarifies that such pre-existing assets are not subject to the terms of the new contract, and may require the party to provide a list or description of these assets for reference. By clearly distinguishing between what is already owned and what may be developed or acquired during the contract, this clause helps prevent disputes over ownership and ensures that each party retains rights to their original property.