Common use of RISK AND TRANSFER OF TITLE Clause in Contracts

RISK AND TRANSFER OF TITLE. Risk of loss and damage passes to Customer upon Delivery. Title to purchased Hardware transfers to Customer after payment in full has been received by SISW. If applicable law does not allow or recognize retention of title by SISW after delivery, title to purchased Hardware and risk of loss will pass to Customer upon Delivery, but SISW retains a security interest in the Hardware to secure payment of the purchase price of such Hardware. In such case, Customer agrees to sign any documents that SISW reasonably determines to be necessary or convenient for use in filing or perfecting such security interest.

RISK AND TRANSFER OF TITLE. Risk of loss and and/or damage passes to Customer upon Delivery. Title to purchased the Hardware transfers to Customer after payment in full has been received by SISW. If applicable law does not allow or recognize retention of title by SISW after delivery, title to Hardware purchased Hardware and risk of loss in either case will pass to Customer upon Delivery, but SISW retains a security interest in the Hardware to secure payment of the purchase price of such Hardware. In such case, case Customer agrees to sign any documents that SISW reasonably determines to be necessary or convenient for use in filing or perfecting such security interest.