Retention of Title and Ownership Sample Clauses

Retention of Title and Ownership. Xxxxxx Metrawatt GmbH reserves all rights not expressly granted to you in this XXXX. The software is protected by copyright laws and by other intellectual property laws and agreements. Xxxxxx Metrawatt GmbH retains ownership, copyright and all other commercial proprietary rights to the software. The software is licensed, not sold.
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Retention of Title and Ownership. 8.1 Ownership of the Equipment shall at all times remain in the name of the Owner and no person or entity shall be directly or indirectly to use, dispose of or otherwise deal with the Equipment in any way which is inconsistent with the rights of the Owner of the Equipment or the Owner’s rights under these terms and conditions. The Owner retains title to the Equipment for the purposes of this agreement. 8.2 Neither payment or compensation nor any other circumstance or event shall amount to, constitute or result in any transfer of property or interest in the Equipment from the Owner. 8.3 The Owner may inspect the Equipment and the operation of the equipment at any time without notice. The Hirer grants an irrevocable authority to the Owner to enter the property where the Equipment is situated. If the Owner at its sole discretion believes the Equipment is not being used correctly or in accordance with the operation manual the Owner or Owners representative may terminate this agreement and collect the Equipment immediately. 8.4 The Hirer is not entitled to sell, sub-let, assign, mortgage, hire, transfer, loan or creates any form of security interest over the Equipment.
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Retention of Title and Ownership. 26.1 Where Goods are leased, hired or sold on credit, Xxxxxx Group retains full title to the Goods notwithstanding: (a) the delivery of the Goods to the Account Holder;‌ (b) the possession and use of the Good by the Account Holder; and/or (c) any temporary attachment of the Goods to any land or premises to facilitate the use of the Goods.‌ 26.2 During the Term of each Hire Agreement the Account Holder must, in its dealings with financiers, insurers and other third parties who may have an interest in the Goods, clearly indicate that the Goods are the property of Xxxxxx Xxxx.
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Retention of Title and Ownership. 4.1. GM or the respective owners reserve all the rights not expressly granted to the User in this XXXX. The Software is protected by copyright laws and by other intellectual property laws and agreements. GM or the respective owners retain ownership, copyright and all other commercial proprietary rights to the Software. The Software is licensed, not sold.
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Retention of Title and Ownership. Delivery of the Product to Buyer and/or Final Acceptance of the Product do not effect a transfer of title to and ownership of the Product to Buyer. Seller retains title to and ownership of the Product until full and final payment of the Contract Price and receipt of any other payment due to Seller under this Agreement. Until such full and final payment, Buyer shall be obliged to and responsible for exercising due care toward the Product, and Buyer shall not be entitled to sell, lease, pledge or otherwise enter into agreements on the Product or any parts thereof, or to use the Product including the Software for production and other commercial purposes. If Buyer should sell or transfer the Product or any parts thereof prior to full and final payment to Seller, the transfer shall be subject to any security interest for the benefit of Seller which may be available under applicable law and which may be validly granted by Buyer to Seller under applicable law.
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Related to Retention of Title and Ownership

  • Retention of Title 1. The Supplier reserves the right to retain the title to the goods supplied by the Supplier and any items created by processing or finishing these goods until all of the Supplier’s current or future receivables due from the Buyer and arising from the business relationship have been settled in full. The Buyer shall separately store and label the goods subject to extended retention of title. 2. The goods subject to retention of title are processed and finished for the Supplier as manufacturer within the meaning of Section 950 BGB, without this creating an obligation for the Supplier. In the event of the Buyer processing goods subject to retention of title together with other goods, the Supplier shall be entitled to co-ownership of the new items in proportion to the value of the goods subject to retention of title that have been processed compared to the other goods at the time of processing or finishing. The Buyer shall herewith already transfer the Supplier’s potential co- ownership shares created by combining, blending or mixing the goods supplied with other items to the Supplier. It shall herewith be agreed that the Buyer holds the goods in its role as a custodian for the Supplier and act with the due diligence of a business person in this respect. 3. The Buyer may only sell the goods supplied and the items created from processing or finishing, combining, blending and mixing these goods during the proper course of business and in return for cash or subject to retention of title. The goods shall not be assigned as security or pledged, nor shall any other decrees be permitted which infringe the Supplier’s rights. 4. The Buyer shall herewith already assign the receivables due to the Supplier due to the Buyer selling on the goods or any other legal reason relating to the goods subject to retention of title to the Supplier to provide the latter with security to the value or proceeds of the goods, if they do not reach the value of the goods. If the Buyer sells the goods subject to retention of title together with other goods, the Buyer shall assign the purchase price receivable for the goods subject to retention of title in full, or to the value of the processed goods subject to retention of title which are being sold in the event of the goods previously having been processed or finished together with goods not belonging to the Supplier. At a minimum, the value shall be the price agreed between the Supplier and Buyer (total value). 5. As long as the Buyer meets its obligations, the assignment shall be treated as a silent assignment and the Buyer may collect the receivable. The Buyer shall separately book and manage the payments received on the assigned receivables. 6. Should the value of the securities exceed the Supplier’s receivables due or non-due by more than 20%, the Buyer may request for them to be released. The Buyer shall agree to insure the goods supplied and items created therefrom against accidental damage or destruction, including risk of fire and theft, and provide the Supplier with proof of such insurance upon request. 7. The Buyer shall notify the Supplier immediately about any third-party access to the goods subject to retention of title or assigned receivables and provide all documents required for intervention of such actions. The Buyer shall bear the costs of such intervention.

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