Common use of Ownership of the Premises Clause in Contracts

Ownership of the Premises. Within the effective term of this Contract, Party A has the ownership and management right of the Premises and Party B has the use right of the Premises. Within the effective term of this Contract, Party B shall not transfer, sublet or mortgage the Premises. Otherwise, Party A is entitled to repossess the Premises, forfeit the security deposit and terminate this Contract.

Appears in 3 contracts

Sources: Premises Lease Contract (Perfect World Co., Ltd.), Premises Lease Contract (Perfect World Co., Ltd.), Premises Lease Contract (Perfect World Co., Ltd.)