Common use of Licence Area Clause in Contracts

Licence Area. 4.1 The Licence Area will be handed over to the Licensee in its “as is” condition on the Commencement Date.

Licence Area. 4.1 The Licence Area will be handed over to the Licensee in its “as is” condition on the Commencement Date. 4.2 The Licensee must accept the Licence Area on an “as is” basis and its condition as of the Commencement Date. The Licensee must be liable for any damage or deterioration to the Licence Area thereafter. 4.3 The Licensee must physically take up the Licence Area during the period specified in Clause 5 below, failing which the Government may, in its sole discretion, dispose of the Licence Area for any other purposes.