Common use of Passage of Title and Risk of Loss Clause in Contracts

Passage of Title and Risk of Loss. title to wood products sold under this contract shall remain in government and shall not pass to purchaser until such wood products have been paid for, measured, and removed from the contract area. Unless cut wood products are sold under this contract, risk of loss shall be borne by purchaser after the wood products are cut; Provided, however, that if loss results from a fire which was not caused by Purchaser, Purchaser’s contractors, subcontractors, or the employees of any of them, the risk of loss shall be borne by the party holding title. if cut wood products are sold under this contract, risk of loss shall be borne by the party holding title. risk of loss to government shall not exceed the value of such wood products computed at the unit prices per species or for all species included as set forth in Exhibit B. nothing herein shall be construed to relieve either party from liability for any breach of contract or any wrongful or negligent act. as used in this section, the term cut wood products refers only to wood products which have been felled, bucked, piled at a loading point, or otherwise severed by direct human activity prior to the date this contract was entered into.

Passage of Title and Risk of Loss. title Title to wood products timber sold under this contract shall remain in government Government and shall not pass to purchaser Purchaser until such wood products have timber has been paid for, measured, and removed from the contract area. Unless cut wood products are timber is sold under this contract, risk of loss shall be borne by purchaser Purchaser after the wood products are timber is cut; Provided, however, that if loss results from a fire which was not caused by Purchaser, Purchaser’s contractors, subcontractors, or the employees of any of them, the risk of loss shall be borne by the party holding title. if If cut wood products are timber is sold under this contract, risk of loss shall be borne by the party holding title. risk Risk of loss to government Government shall not exceed the value of such wood products timber computed at the unit prices per species or for all species included as set forth in Exhibit B. nothing Nothing herein shall be construed to relieve either party from liability for any breach of contract or any wrongful or negligent act. as As used in this section, the term cut wood products timber refers only to wood products timber which have has been felled, bucked, piled at a loading point, or otherwise severed by direct human activity prior to the date this contract was entered into.

Passage of Title and Risk of Loss. title Title to wood products sold under this contract shall remain in government Government and shall not pass to purchaser Purchaser until such wood products have been paid for, measured, for and removed from the contract area. Unless cut wood products are sold under this contract, risk of loss shall be borne by purchaser Purchaser after the wood products are cut; Provided, however, that if loss results from a fire which was not caused by Purchaser, Purchaser’s contractors, subcontractors, or the employees of any of them, the risk of loss shall be borne by the party holding title. if If cut wood products are sold under this contract, risk of loss shall be borne by the party holding title. risk Risk of loss to government Government shall not exceed the value of such wood products computed at the unit prices per species or for all species included as set forth in Exhibit B. nothing Nothing herein shall be construed to relieve either party from liability for any breach of contract or any wrongful or negligent act. as As used in this section, the term cut wood products refers only to wood products which have been felled, bucked, piled at a loading point, or otherwise severed by direct human activity prior to the date this contract was entered into.