No Grant of Property Interest Clause Samples
The "No Grant of Property Interest" clause establishes that the agreement does not transfer any ownership or property rights from one party to another. In practice, this means that even if a party is given access to certain assets, information, or intellectual property, they do not gain any legal title or proprietary interest in those assets. For example, a license to use software or confidential information under the agreement does not make the licensee an owner of that software or information. The core function of this clause is to prevent misunderstandings or disputes about ownership, ensuring that all property rights remain with the original holder unless explicitly stated otherwise.
No Grant of Property Interest. The License does not grant or convey any property interest.
No Grant of Property Interest. The Agreement does not grant or convey any property interest. City Participation in Litigation: FOAB shall immediately notify the City of any litigation which would affect the City’s rights under this Agreement. The City shall promptly notify FOAB in writing of any claim or suit for which the City seeks indemnification and defense by FOAB and request that FOAB indemnify the City. FOAB will give written notice to the City of its acceptance of the defense and shall be entitled to engage legal counsel of its own choosing. City’s failure to so notify and request indemnification shall not relieve FOAB of any liability that FOAB might have, except to the extent that such failure prejudices FOAB’s ability to defend such claim or suit. In the event that FOAB refuses the tender of defense in any suit or any claim, as required under the indemnification provisions contained herein, and that refusal is subsequently determined by a court having appropriate jurisdiction (or such other tribunal that the Parties agree to decide the matter), to have been a wrongful refusal on the part of FOAB, FOAB shall pay all of the City’s reasonable costs for defense of the action, including all reasonable expert witness fees, costs, and attorneys’ fees, and including costs and fees incurred in recovering under this indemnification provision. The City shall have the right, at the City’s sole cost and expense, to employ separate counsel on behalf of the City for the City to bring or pursue any counterclaims or interpleader action, equitable relief, restraining order, or injunction. Each Party agrees to cooperate and to cause its employees and agents to cooperate with the other Party in the defense of any such claim, and the relevant records of each Party shall be available to the other party with respect to any such defense. No compromise or settlement shall be approved or executed without the prior written consent of the City and FOAB, if the compromise or settlement involves the rights of the other party. If the City refuses a compromise or settlement that has been approved by FOAB, the City shall, at its sole cost and expense, take over the defense and FOAB shall not be responsible for, nor obligated to indemnify the City, against any cost or liability in excess of such refused compromise or settlement.
No Grant of Property Interest. This AGREEMENT is not a grant by CITY of any property interest but is made subject and subordinate to the prior and continuing right of CITY to use all the PUBLIC PARK in any manner in its reasonable sole discretion.
No Grant of Property Interest. This AGREEMENT is not a grant by CITY of any property interest but is made subject and subordinate to the prior and continuing right of CITY to use all the PUBLIC RIGHT OF WAY including, but not limited to, public use as a sidewalk and for the purpose of laying, installing, maintaining, repairing, protecting, replacing, and removing sanitary sewers, water mains, storm drains, gas mains, poles, overhead and underground electric and telephone wires, cable television, telecommunications facilities and other utility and municipal uses together with appurtenances thereof and with right of ingress and egress, along, over, across and in said PUBLIC RIGHT OF WAY.
No Grant of Property Interest. Licensee understands and agrees that the rights conveyed under this Agreement are solely license rights, and said license rights are personal to Licensee. Licensee further understands and agrees that this Agreement does not convey any real property interest, such as a leasehold, easement or estate, in the Licensed Premises.