TITLE, RISK AND LIENS Clause Samples
The "Title, Risk and Liens" clause defines how ownership, responsibility for loss or damage, and claims by third parties are handled in a transaction. Typically, this clause specifies when title to goods transfers from seller to buyer, at what point the risk of loss shifts, and ensures that the goods are delivered free of any liens or encumbrances. For example, it may state that title and risk pass upon delivery or acceptance, and that the seller must guarantee the goods are not subject to any unpaid debts. This clause is essential for clarifying the parties' rights and obligations, preventing disputes over ownership, and protecting the buyer from unexpected third-party claims.
TITLE, RISK AND LIENS. 6.1 Contractor warrants free and clear title to the Goods. The Goods shall remain at the risk of Contractor until delivery to Company is complete (including, if applicable, off-loading, stacking, installation and commissioning such Goods). Contractor shall hold harmless and indemnify Company Group from and against all liens, attachments or claims by or on behalf of any of its suppliers or any member of Contractor Group (or persons alleging to be any such persons) in connection with or arising out of the Contract.
TITLE, RISK AND LIENS. Title and risk to the wines produced pursuant to this Agreement shall remain with Precept at all times. Precept acknowledges that Precept’s title is subject to the following: (a) any statutory grower’s lien that may attach to the wines; (b) any statutory special liens in favor of Seller; and/or (c) a warehouse lien under California Commercial Code Section 7209. Seller shall indemnify Precept for any expenses Precept incurs in satisfying any grower’s lien or warehouse lien on Precept’s Wine produced pursuant to this Agreement, which liens arise from Seller’s failure to pay third party growers or third party storage fees.