Additional Owned Units Clause Samples

The 'Additional Owned Units' clause defines the rights and obligations related to any extra units of property or assets that a party acquires beyond those originally specified in an agreement. This clause typically outlines how these additional units are to be treated under the contract, such as whether they are automatically included in the scope of the agreement or require separate documentation or approval. By clarifying the treatment of newly acquired units, the clause helps prevent disputes over ownership, usage rights, or responsibilities, ensuring both parties have a clear understanding of how such assets are managed within the contractual relationship.