Common use of Ownership Responsibilities Clause in Contracts

Ownership Responsibilities. A. Owner specifically represents and warrants to Agister that Owner has acquired his/her interest in the Herd for Owner’s own use and benefit and/or the use and benefit of Owner’s family. B. Owner shall at no time and under no circumstance sell or exchange any of Owner’s interest in the milk production from the Herd and shall at all times use the Owner’s share of milk production for Owner’s own use and/or the use and benefit of Owner’s family. Because all of the Herd Agreements are interdependent and cannot function without all interests in the Herd being covered by them, notwithstanding the foregoing, if any court orders a transfer or assignment of an interest, the Court is requested to make the transfer or assignment subject to the terms of the Herd Agreement. C. Owner understands and agrees that ownership in the Herd does not entitle Owner to any rights in other real or personal property owned by the Agister or Farm, including farm equipment and fixtures. Owner further understands and agrees that it may only enter the Farm premises under the supervision of the Agister, or with the express permission of the Agister.