Common use of RISK OF LOSS/PASSAGE OF TITLE Clause in Contracts

RISK OF LOSS/PASSAGE OF TITLE. Title to the equipment purchased under the Contract shall pass from Contractor to State on the date of installation for Contractor-installed equipment or on the date of delivery for State-installed equipment. Prior to the passage of title, all risk of loss or damage shall be on the Contractor.

RISK OF LOSS/PASSAGE OF TITLE. Title to the equipment purchased under the Contract shall pass from Contractor to State on the date of installation for Contractor-installed equipment or on the date of delivery for State-installed equipment. Prior to the passage of title, title all risk of loss or damage shall be on the Contractor.