Common use of Abandonment or Termination by the Licensee Clause in Contracts

Abandonment or Termination by the Licensee. Any property of the Licensee remaining on the premises after abandonment, termination, removal or revocation of this License may be retained or disposed of through sales, donation or in such manner as the University determines in its sole discretion. In the case of abandonment, the University may, at its discretion, keep or dispose of the items worth less than $300 if the Licensee has not requested, in writing, the return of the property within 15 days of receipt of notice from the University. (Notice of abandoned property will be sent via the student’s University email address and/or by postal mail using the student’s current address on file with the University. It is the Licensee’s responsibility to make sure that his/her contact information is kept current.) In cases where property has been lost or is otherwise unclaimed and is worth $300 or more, the University, after three months, may sell the items at public auction. The University may charge a reasonable storage fee before the return of property. The Licensee releases the University from any liability for any damages or loss to property disposed of in the manner described above.