Property in Works Sample Clauses

The 'Property in Works' clause defines who holds ownership rights to the works or materials created under an agreement. Typically, this clause specifies whether the creator (such as a contractor or employee) or the commissioning party (such as a client or employer) will own the intellectual property or physical products resulting from the work. For example, it may state that all designs, documents, or inventions produced during the project become the exclusive property of the client upon completion and payment. This clause is essential for clarifying ownership, preventing future disputes, and ensuring that the party who needs to use or commercialize the works has the legal rights to do so.
Property in Works. Despite any rule of law or equity to the contrary, title to and ownership of the Lessee’s Works shall be the property of the Lessee regardless of their attachment or affixation to the Leased Premises, and shall be a Lessee’s Building and Fixtures unless re-classified as a Lessor's Fixture in accordance with this Lease.
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Related to Property in Works

  • Property Inspections The Servicer shall conduct property inspections in accordance with the milestones of the repair and rehabilitation plan for such Mortgaged Property and prepare Property Inspection Reports on any Mortgaged Property involving property damage over $15,000. The Servicer shall furnish a copy of the repair and rehabilitation plan for such Mortgaged Property to the Master Servicer upon request.

  • Property Use The Property shall be used only for industrial, warehouse and office purposes, and for no other use without the prior written consent of Lender, which consent may be withheld in Lender's sole and absolute discretion.

  • Property Inspection The Servicer is required to inspect each Delinquent Mortgaged Property at such time and in such manner as is in accordance with Prudent Servicing Practices. The Servicer must prepare a Property Inspection Report following each inspection. All Property Inspection Reports must be retained by the Servicer and copies thereof must be forwarded to the Master Servicer promptly upon request. All expenses related to the foregoing shall be recoverable by the Servicer from the Principal or from Liquidation Proceeds, Insurance Proceeds, payments on the related Mortgage Loan or any other source relating to the related Mortgage Loan or the related Mortgaged Property. The foregoing shall not preclude the Servicer from recovering such expenses from the Borrower to the extent permitted by applicable law and the related Mortgage Loan Documents.

  • Property and Equipment The ACT is prohibited from operating the equipment and technical facilities of the Venue without the consent of HAPPY HEART.

  • Lessee Improvements Lessee shall not make or allow to be made any alterations or physical additions in or to the leased premises without first obtaining the written consent of Lessor, which consent shall not be unreasonably withheld. Any alterations, physical additions or improvements to the leased premises made by Lessee shall at once become the property of Lessor and shall be surrendered to Lessor upon the termination of this Lease provided that Lessee shall be entitled to retain the property listed on Exhibit A attached hereto, and provided further that, Lessor, at its option, may require Lessee to remove any physical additions and/or repair any alterations in order to restore the leased premises to the condition existing at the time Lessee took possession, reasonable wear and tear excepted, all costs of removal and/or alterations to be borne by Lessee. This clause shall not apply to moveable equipment of furniture owned by Lessee, which may be removed by Lessee at the end of the term of this Lease if Lessee is not then in default and if such equipment and furniture are not then subject to any other rights, liens and interests of Lessor.