Common use of OWNERSHIP AND STATUS OF EQUIPMENT Clause in Contracts

OWNERSHIP AND STATUS OF EQUIPMENT. The equipment will be deemed to be personal property, regardless of the manner in which it may be attached to any other property. Inter Video shall be deemed to have retained title to the equipment at all times, unless Inter Video transfers the title by sale. The Customer shall immediately advise Inter Video regarding notice of any claim, levy, lien, or legal process issued involving the rented equipment.

OWNERSHIP AND STATUS OF EQUIPMENT. The equipment will be deemed to be personal property, regardless of the manner in which it may be attached to any other property. Inter Video shall be deemed to have retained title to the equipment at all times, unless Inter Video transfers the title by sale. The Customer shall immediately advise Inter Video regarding any notice of any claim, levy, lien, or legal process issued involving against the rented equipment.