Inventory Ownership. All products delivered by Supplier to the Retailer's DCs, or stores remain the sole and exclusive property of the Supplier until such time as they are shipped to the individual retail locations. Supplier is responsible for shrink, damages and customer returns.
Inventory Ownership. Inventory is and shall remain the sole property of Network and cannot be assigned, transferred, sold, or otherwise disposed of in any manner by Purchaser.
Inventory Ownership. Ent-X shall pay for the inventory of all Kiosks placed or operated under the terms of this Agreement. At such time as the Kiosks are producing Net Revenues, Signifi shall have 50% ownership interest in all Kiosk inventory purchased by Ent-X for the Kiosks under the terms of this Agreement.
Inventory Ownership. Within sixty (60) calendar days following the Effective Date, District shall determine District-owned FOH FF&E, XXX FF&E, and Long-life Equipment, and create an initial inventory of such items and include them in Exhibit G (“Initial Inventory”). Within thirty (30) calendar days following the Commencement Date, Contractor will verify the Initial Inventory and inform District in writing of any missing items, which District will be responsible for replacing. Unless expressly stated otherwise in this Contract, inventories will be owned as follows: District-provided office FF&E described in Exhibit G will be owned by District. Front-of-the-House FF&E will be owned by District. Long-life Equipment will be owned by District. Smallwares will be owned by Contractor. Short-life Equipment and catering equipment will be owned by Contractor. Food and Beverage Inventory will be owned by Contractor. Operating and Consumable Supplies will be owned by Contractor. POS System will be owned by Contractor. Return of District-owned FF&E: At the Completion Date or earlier termination of this Contract, Contractor shall deliver to District all District-owned FOH FF&E, BOH FF&E, and Long-life Equipment (and replacements thereof) in good condition (reasonable wear and tear or casualty not caused by Contractor excepted) or the value thereof. Upon mutual agreement of the Parties, District or its replacement contractor may purchase Contractor-owned Short-life Equipment, Operating and Consumable Supplies, and Food and Beverage Inventory at the values described in Section 2.13.
