Common use of Title to Materials and Equipment Clause in Contracts

Title to Materials and Equipment. Good and clear title to all materials and equipment furnished by Contractor under the Contract for the Work shall, except as expressly provided otherwise elsewhere in the Contract, pass to Owner upon the earlier to occur of payment to Contractor therefor or incorporation thereof into the permanent plant. Contractor shall ensure that Suppliers from whom Contractor obtains materials and equipment used in the execution of the Work do not retain, encumber or reserve title to such items. Contractor shall assign to Owner any and all rights under any warranties it may have received or be entitled to from the Suppliers of the goods incorporated into the Work to the extent such warranties extend beyond the period of Contractor's warranties hereunder.

Title to Materials and Equipment. Good and clear title to all materials and equipment furnished by Contractor under the Contract for the Work shall, except as expressly provided otherwise elsewhere in the Contract, pass to Owner upon the earlier to occur of payment to Contractor therefor or incorporation thereof into the permanent plant. Contractor shall ensure that Suppliers from whom Contractor obtains materials and equipment used in the execution of the Work do not retain, encumber or reserve title to such items. Contractor shall assign to Owner any and all rights under any warranties it may have received or be entitled to from the Suppliers of the goods incorporated into the Work to the extent such warranties extend beyond the period of Contractor's warranties hereunder.