105 Primary Owner Clause Samples

The '105 Primary Owner' clause designates a specific party as the main owner of a particular asset, property, or intellectual property within the context of the agreement. This clause typically outlines the rights and responsibilities of the primary owner, such as control over usage, decision-making authority, and obligations regarding maintenance or protection. By clearly identifying the primary owner, the clause helps prevent disputes over ownership and ensures that all parties understand who holds the principal rights to the subject matter.