Common use of RISK AND CONTROL Clause in Contracts

RISK AND CONTROL. 11.1. The sole risk in and control pertaining to the PROPERTY shall pass to the PURCHASER upon acceptance of this offer by the SELLER, and from date of acceptance the PURCHASER shall be liable for all imposts levied on the PROPERTY, inclusive of and without limiting the generality hereof, all rates and taxes, licenses and other official and/or municipal charges.