Future Dedication Clause Samples
The Future Dedication clause establishes a party's commitment to allocate or assign certain assets, rights, or resources to a specific purpose or agreement at a later date. In practice, this clause may require a party to dedicate intellectual property, funds, or other resources that are not yet available or created, once they come into existence. Its core function is to ensure that future developments or acquisitions relevant to the agreement will be included, thereby preventing disputes over ownership or use of assets that arise after the contract is signed.
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Future Dedication. Purchaser shall cooperate reasonably with the Master Developer and its affiliated companies, successors and assigns in connection with the future dedication of South Street and any other property abutting the Real Property intended to be dedicated to the appropriate Governmental Authority.
Future Dedication. Buyer shall cooperate reasonably with the Master Developer and its affiliated companies, successors and assigns in connection with the future dedication of South Street and any other property abutting the Property intended to be dedicated to the appropriate Governmental Authority. This Paragraph 26.8 shall survive the Close of Escrow and not be merged with the Grant Deed.
Future Dedication. Streets or portions of streets may be offered for future dedication where the immediate widening and improvement is not required, but where it is necessary to ensure that the City can later accept dedication when the streets are needed for the further development of the area or adjacent areas. The offers shall be made by certificate on the final map.
Future Dedication. Upon installation of the Relocated Trail in a manner acceptable to the City, Owner shall dedicate to the City for the benefit of the public the physical improvement of the Relocated Trail. Any dedication shall be free and clear of all liens and encumbrances. Acceptance of any dedication under this Section shall only occur upon a Resolution approved by the City Common Council. Owner shall continue to maintain the Relocated Trail in accordance with Section 1(b).