Common use of Title, Encumbrances and Risk of Loss Clause in Contracts

Title, Encumbrances and Risk of Loss. Seller represents to Buyer that it has good and marketable title to the Goods and/or Services, free and clear of all liens, charges, security interests and any other encumbrances. Seller will bear the risk of loss or damage to the Goods and/or Services until the Goods and/or Services are delivered to and accepted by Buyer at the Site, at which time title will pass to Buyer. Notwithstanding the foregoing, title to any Goods or portions of Goods that have been paid for by Buyer in advance of delivery will at all times be vested in Buyer. The risk of loss for such items will remain with Seller until delivery to Buyer.

Appears in 4 contracts

Samples: Terms and Conditions for Purchase Orders, Terms and Conditions for Purchase Orders, Purchase Order Terms and Conditions

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Title, Encumbrances and Risk of Loss. Seller represents to Buyer that it has good and marketable title to the Goods and/or Services, free and clear of all liens, charges, security interests and any other encumbrances. Seller will bear the risk of loss or damage to the Goods and/or Services until the Goods and/or Services are delivered to and accepted by Buyer at the Site, at which time title will pass to Buyer. Notwithstanding the foregoing, title to any Goods or portions of Goods that have been paid for by Buyer in advance of delivery will at all times be vested in Buyer. The risk of loss for such items will remain with Seller until delivery to Buyer.Buyer.β€Œ

Appears in 1 contract

Samples: Terms and Conditions for Purchase Orders

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