Common use of Buyer Equipment Clause in Contracts

Buyer Equipment. All materials, tools, equipment and other property either furnished by Buyer to Seller or individually paid for by Buyer (“Buyer Equipment”) shall remain the property of Buyer, but Seller shall assume all risks of and be entirely responsible for any losses or damages arising from its use of Buyer Equipment. Upon completion or termination of this Agreement, Seller shall promptly return all Buyer Equipment in the condition in which Seller received it, taking into account reasonable wear and tear.