IISD Model Contract Clauses for Responsible Investment in Agriculture:

Customizable legal provisions to help implement international best practices, principles, and guidance on responsible agricultural investment

65. Return of Land

65.1 No later than 1 month following the termination of this Agreement, or otherwise by agreement of the Parties, the Company shall return the Project Area to the Grantor free of any liens and encumbrances and at no cost to the Grantor, except for compensation for assets in accordance with Section 66, and subject to the requirements in respect of project closure and restoration of the environment in accordance with Section 45.10.

65.2 Unless agreed otherwise between the Parties, any Product remaining on the Project Area at the date of termination shall be the property of the Company and shall be removed from the Project Area at the cost of the Company, subject to Section 65.3 below where the removal of those Products incurs a delay in the vacating of the Project Area.

65.3 The Company shall be liable for the payment of the Rental Fee plus compound interest of [insert]%, pro-rated per day of delay in vacating the Project Area, unless otherwise agreed by the Parties.


For more information: See generally UNIDROIT & IFAD, 2021, Chapter 6.II (Return of Assets Upon End and Termination of the Contract).

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