Chapter XL: Part IV: German Rights and Interests Outside Germany

=ARTICLE 118.=--In territory outside her European frontiers as fixed by the present treaty, Germany renounces all rights, titles, and privileges whatever in or over territory which belonged to her or to her allies, and all rights, titles, and privileges, whatever their origin, which she held as against the Allied and Associated Powers.

Germany undertakes immediately to recognize and to conform to the measures which may be taken now or in the future by the principal Allied and Associated Powers, in agreement where necessary with third powers, in order to carry the above stipulation into effect.

In particular, Germany declares her acceptance of the following articles relating to certain special subjects:

SECTION I.--_German Colonies_

=ARTICLE 119.=--Germany renounces in favor of the principal Allied and Associated Powers all her rights and titles over her overseas possessions.

=ARTICLE 120.=--All movable and immovable property in such territories belonging to the German Empire or to any German State shall pass to the Government exercising authority over such territories on the terms laid down in Article 257 of Part IX. (financial clauses) of the present treaty. The decision of the local courts in any dispute as to the nature of such property shall be final.

=ARTICLE 121.=--The provisions of Section I. (commercial relations) and