Nature of Improvements Clause Samples

The "Nature of Improvements" clause defines how enhancements, modifications, or developments made to existing products, processes, or intellectual property are treated under the agreement. It typically clarifies whether such improvements are considered part of the original work, who owns the rights to them, and how they may be used or licensed. For example, if a party develops a new feature for licensed software, this clause determines if the improvement belongs to the original licensor or the party making the change. Its core function is to allocate ownership and usage rights for improvements, thereby preventing disputes and ensuring both parties understand their rights regarding future developments.
POPULAR SAMPLE Copied 1 times
Nature of Improvements. The parties record that the said improvements shall be made in accordance with architectural plans submitted and explained to both parties by the architect concerned.
View Source
Nature of Improvements. Owner shall cause improvements on the Land to be constructed for use as a general retail store, which shall (i) contain at least 170,000 square feet of overall interior space; (ii) contain within that minimum 170,000 square feet of interior space a Full Service Grocery Store component (collectively, the “Required Improvements”); and (iii), together with any other improvements constructed on the Land, have a minimum Construction Cost upon completion of $8,750,000.
View Source
Nature of Improvements. The ownership of the Tenant Improvements shall be governed by Paragraph 7 of the Lease, with the Tenant Improvements constituting "alterations, additions, or improvements" to or of the Premises as used thereunder.
View Source
Nature of Improvements. The new 1-acre pad expansion at the GO Pad is required for the new compressor installation. Improvements on this LEASE will be connected to existing improvements on adjacent property which is operated by MOC under agreement. Sufficient access to this LEASE is provided by said agreement. The reciprocating compressor will be housed in an engineered building approximately 50 feet long by 15 feet wide. The building will contain the natural gas engine driver, reciprocating compressor, inlet separator, scrubbers, and auxiliary mechanical, electrical, instrumentation and control systems. The compressor will run as either a single stage or two stage machine and be capable of suction pressures between approximately 100 PSIG and 650 PSIG. The compressor will discharge into the existing KKPL pipeline at between 800 PSIG and 900 PSIG. Automated isolation valves and fuel gas conditioning equipment will be located in a separate valve building approximately 18 feet long by 18 feet wide. Piping / electrical Interconnection between existing infrastructure and the valve building / compressor package will be via an overhead pipe / conduit rack routed between the Production Building (existing) and the new structures. A PLC based control system will be installed for automatic monitor and control of compressor package operations. Other features designed into the new compressor installation include: ▪ Engineered fire and gas detection systems ▪ Automatic compressor isolation & depressurization in the event of fire or gas detection ▪ Ventilation system to minimize the potential for gas accumulation ▪ Noise mitigation features (hospital grade muffler, acoustical treatments at ventilation ducts, etc.)
View Source

Related to Nature of Improvements

  • ALTERATIONS & IMPROVEMENTS Tenant shall not make any alterations, additions or improvements or do any type of construction to the Property without first obtaining Landlord's written consent. Unless prior written agreement is reached between Tenant and Landlord, any such alterations, additions, improvements or construction shall become part of the Property and shall remain at the expiration of Tenant's Lease term. If Landlord approves of alterations, additions, improvements or construction in writing and Tenant intends to use contractors to undertake such work, the contractors must first be approved in writing by Landlord. Tenant must also place any funds to cover the amount of any alterations, additions, improvements or construction in an escrow account approved by Landlord before the commencement of the work. Landlord shall designate the times and manner of the work being done, exclusively.

  • Maintenance of Improvements All improvements on the property, including, but not limited to, buildings, trees or other improvements now on the premises, or hereafter made or placed thereon, shall be a part of the security for the performance of this contract and shall not be removed therefrom. Purchaser shall not commit, or suffer any other person to commit, any waste or damage to said premises or the appurtenances and shall keep the premises and all improvements in as good condition as they are now.

  • Removal of Improvements All alterations, additions and other improvements by Tenant shall become the property of Landlord and shall not be removed from the Premises, unless request is made by Landlord to Tenant to remove those alterations, additions and other improvements which were made without Landlord's approval where such approval was required under this Lease. All moveable trade fixtures, furniture, furnishings and signs installed in the Premises by Tenant and paid for by Tenant, shall remain the property of Tenant and may be removed upon the expiration of the term of this Lease; provided that any of such items as are affixed to the Premises and require severance may be removed only if Tenant repairs any damage caused by such removal and that Tenant shall otherwise comply with all of the terms, conditions and covenants to be performed by Tenant under this Lease with respect to such removal. If Tenant fails to remove such items from the Premises by the expiration of the Lease Term or earlier termination of this Lease, all such trade fixtures, furniture, furnishings and signs shall become the property of Landlord, unless Landlord elects to require their removal, in which case Tenant shall, at its sole cost and expense, promptly remove the same and restore the Premises to its condition on the date of this Lease. The covenants contained in this Section shall survive the expiration of the Lease Term or earlier termination hereof.

  • Construction of the Tenant Improvements (a) Tenant shall construct and install the Tenant Improvements in a good and workmanlike manner, in compliance with all Laws and in accordance with this Exhibit B. Tenant’s proposed architect/engineer, general contractor, and fire protection, plumbing, HVAC and electrical subcontractors are subject to Landlord’s prior approval. Promptly following the selection and approval of the architect/engineer, Tenant shall forward to said architect/engineer (and copy Landlord on the transmittal) Landlord’s building standards heretofore delivered to Tenant, and Tenant shall cause said architect/engineer to comply with said building standards. Promptly following the selection and approval of the general contractor, Tenant shall forward to said general contractor (and copy Landlord on the transmittal) Landlord’s fire protection, plumbing, HVAC and electrical specifications and Landlord’s rules of conduct, all of which have been delivered to Tenant prior to the date of this Lease, and Tenant shall cause said general contractor to comply with said specifications and rules of conduct. At Landlord’s request, Tenant shall coordinate a meeting among Landlord (who will reasonably make its representative available for such meeting), Tenant and Tenant’s general contractor to discuss the Building systems and other matters related to the construction of the Tenant Improvements. (b) Promptly following the date hereof, Tenant shall prepare and submit to Landlord a set of permittable construction drawings (the “CDs”), based on the preliminary plans attached hereto as Exhibit B-2 and made a part hereof (the “Preliminary Plans”), covering all work to be performed by Tenant in constructing the Tenant Improvements. Tenant shall have no right to make any Tenant Improvements that would materially alter the exterior appearance of the Building or the Building systems without Landlord’s prior approval. Landlord shall have fifteen (15) days after receipt of the CDs in which to review the CDs and in which to give Tenant written notice of its approval of the CDs or its requested changes to the CDs in reasonably sufficient detail so as to allow Tenant to make the requested changes (provided that Landlord shall not be permitted to request a change that is inconsistent with the Preliminary Plans). If Landlord requests any changes to the CDs, Tenant shall make such changes and shall, within fifteen (15) days of its receipt of Landlord’s requested changes (if any), submit the revised portion of the CDs to Landlord. Landlord shall have five (5) business days after receipt of the revised CDs in which to review said revised CDs and in which to give to Tenant written notice of its approval of the revised CDs or its requested changes thereto. This process shall continue until such time, if at all, that Landlord approves the CDs in accordance with this Section 2. Tenant shall at all times in its preparation of the CDs, and of any revisions thereto, act reasonably and in good faith. Landlord shall at all times in its review of the CDs, and any revisions thereto, act reasonably and in good faith.

  • ALTERATIONS AND IMPROVEMENTS Tenant shall make no alterations to the buildings or improvements on the Premises or construct any building or make any other improvements on the Premises without the prior written consent of Landlord. Any and all alterations, changes, and/or improvements built, constructed or placed on the Premises by Tenant shall, unless otherwise provided by written agreement between Landlord and Tenant, be and become the property of Landlord and remain on the Premises at the expiration or earlier termination of this Agreement.