Common use of Takeover of the Subject of Purchase Clause in Contracts

Takeover of the Subject of Purchase. 6.1 The title to the subject of purchase is transferred to the Buyer at the moment of takeover. The Seller shall carry the risk of damage to any part of the subject of purchase until the moment of the handover and takeover of the subject of purchase. 6.2 The Buyer is entitled not to accept the subject of purchase that does not correspond to the requirements of this contract or of legal regulations. If this is the case, the Buyer shall hand over to or send the Seller a notification stating the reason for refusing to accept the subject of purchase and the period for its elimination. If the notified shortcomings are not eliminated within the determined period the subject of purchase will be considered not delivered.

Takeover of the Subject of Purchase. 6.1 The title to the subject of purchase is transferred to the Buyer at the moment of takeover. The Seller shall carry the risk of damage to any part of the subject of purchase until the moment of the handover and takeover of the subject of purchase. 6.2 The Buyer is entitled not to accept the subject of purchase that does not correspond to the requirements of this contract or of legal regulations. If this is the case, the Buyer shall hand over to or send the Seller a notification stating the reason for refusing to accept the subject of purchase and the period for its elimination. If the notified shortcomings are not eliminated within the determined period period, the subject of purchase will be considered not delivered.