Common use of TITLE, RISK AND INSURANCE Clause in Contracts

TITLE, RISK AND INSURANCE. 5.1 Title and ownership of the Consignment Stock shall remain with Alcon until the earlier of: (a) payment in full for each Consignment Stock has been received by Alcon from the Customer; or (b) the relevant Consignment Stock are used by the Customer, at which point title and ownership shall transfer to the Customer.

TITLE, RISK AND INSURANCE. 5.1 Title and ownership of the Consignment Stock shall remain with Alcon until the earlier of: (a) payment in full for each Consignment Stock has been received by Alcon from the Customer; or (b) the relevant Consignment Stock are Stockare used by the Customer, at which point title and ownership shall shal transfer to the Customer.