Upon Turnover Clause Samples

The 'Upon Turnover' clause defines the obligations and procedures that take effect when possession or control of a property, asset, or project is formally transferred from one party to another. Typically, this clause outlines the specific conditions that must be met at the time of turnover, such as the completion of work, delivery of documentation, or inspection and acceptance by the receiving party. Its core practical function is to ensure a clear and orderly transition of responsibility, minimizing disputes and clarifying when liability and ownership officially change hands.