Common use of Title and risk in the Goods Clause in Contracts

Title and risk in the Goods. (a) Port Authority retains ownership of and title in Port Authority Equipment at all times and nothing in the Agreement confers on Supplier any property right of any kind in any Port Authority Equipment. (b) Risk of any loss or damage to Port Authority Equipment will pass: (i) from Port Authority to Supplier when Supplier takes possession, custody or control of the Port Authority Equipment; and (ii) from Supplier back to Port Authority on the later of Delivery or Acceptance of the applicable Work or Services in accordance with the Agreement. (c) Risk of any loss or damage to a Good will pass from Supplier to Port Authority on the later of Delivery or Acceptance of the Good in accordance with the Agreement. (d) Subject to clause 8(e), ownership of, and unencumbered title in, the Goods or any part of them will vest in Port Authority upon the earlier of Acceptance of or payment for a Good. (e) Where payment for a Good occurs before Acceptance and the Good is subsequently rejected under clause 7, title in the rejected Good will re-vest in Supplier from the time of rejection until the Good is Accepted by Port Authority.

Title and risk in the Goods. (a) Port Authority retains ownership of and title in Port Authority Equipment at all times and nothing in the Agreement confers on Supplier any property right of any kind in any Port Authority Equipment. (b) Risk of any loss or damage to Port Authority Equipment will pass: (i) from Port Authority to Supplier when Supplier takes possession, custody or control of the Port Authority Equipment; and (ii) from Supplier back to Port Authority on relinquishment by the later Supplier of Delivery possession, custody or Acceptance control of the applicable Work or Services Port Authority Equipment to Port Authority in accordance with the Agreement. (c) Risk of any loss or damage to a Good will pass from Supplier to Port Authority on the later of Delivery or Acceptance completion of installation (where the Supplier is responsible for installation) of the Good in accordance with the Agreement. (d) Subject to clause 8(e), ownership Ownership of, and unencumbered title in, the Goods or any part of them will vest in Port Authority upon the earlier of Acceptance of or payment for or Delivery of a Good. (e) . Where payment for ownership in title of a Good occurs before Acceptance Delivery and the Good is subsequently rejected under clause 7, title in the rejected Good will re-vest in Supplier from the time of rejection until the Good is Accepted accepted by Port Authority.

Title and risk in the Goods. (a) Port Authority retains ownership of and title in Port Authority Equipment at all times and nothing in the this Agreement confers on Supplier any property right of any kind in any Port Authority Equipment. (b) Risk of any loss or damage to Port Authority Equipment will pass: (i) from Port Authority to Supplier when Supplier takes possession, custody or control of the Port Authority Equipment; and (ii) from Supplier back to Port Authority on the later of Delivery or Acceptance of the applicable Work or Services in accordance with the this Agreement. (c) Risk of any loss or damage to a Good will pass from Supplier to Port Authority on the later of Delivery or Acceptance of the Good in accordance with the Agreement. (d) Subject to clause 8(e), ownership of, and unencumbered title in, the Goods or any part of them will vest in Port Authority upon the earlier of Acceptance of or payment for a Good. (e) Where payment for a Good occurs before Acceptance and the Good is subsequently rejected under clause 7, title in the rejected Good will re-vest in Supplier from the time of rejection until the Good is Accepted by Port Authority.