Common use of Nature of Interest Clause in Contracts

Nature of Interest. The Licensee acknowledges that: 3.1 this Licence does not exclude the right of the Licensor to possession of the Licence Area and it does not confer on the Licensee any tenancy or interest in the Licence Area or any part of it; and 3.2 this Licence confers upon the Licensee a personal right only and is not capable of being transferred or otherwise dealt with either in whole or in part, provided always that nothing in this clause is deemed to prevent the Licensee’s Agents from exercising the rights conferred by this Licence.‌

Nature of Interest. The Licensee acknowledges that: 3.1 this Licence does not exclude the right of the Licensor to possession of the Licence Area and it does not confer on the Licensee any tenancy or interest in the Licence Area or any part of it; and 3.2 this Licence confers upon the Licensee a personal right only and is not capable of being transferred or otherwise dealt with either in whole or in part, provided always that nothing in this clause is deemed to prevent the Licensee’s Agents from exercising the rights conferred by this Licence.‌Licence.

Nature of Interest. The Licensee acknowledges that: 3.1 this Licence does not exclude the right of the Licensor to possession of the Licence Area and it does not confer on the Licensee any tenancy or interest in the Licence Area or any part of it; andand‌ 3.2 this Licence confers upon the Licensee a personal right only and is not capable of being transferred or otherwise dealt with either in whole or in part, provided always that nothing in this clause is deemed to prevent the Licensee’s Agents from exercising the rights conferred by this Licence.‌Licence.