Common use of Tools and appliances Clause in Contracts

Tools and appliances. Specifically manufactured tools and appliances for customer remain in the ownership of Franke until receiving full payment. Intellectual property rights of it vest in Franke. Franke receives custody of the tools and appliances until five years after the last use for production processing. Upon request of customer Franke undertakes to mark the tools and appliances as prop- erty of customer. During the custody of Franke the tools and appliances are used only for production processing. The tools and appliances are insured against loss and damage for its re- placement value. Costs for repair due to wear and tear or for modification are borne by customer. After expiry of the custody term Franke will give written notice to customer to pick-up the tools and appliance within 60 days. If they are not collected within such term then Franke has the right to dispose of it with- out further notice, including the right for its destruction.

Tools and appliances. Specifically manufactured tools and appliances for customer remain in the ownership of Franke until receiving re- ceiving full payment. Intellectual property rights of it vest in Franke. Franke receives custody of the tools and appliances until five years after the last use for production processing. Upon request of customer Franke undertakes to mark the tools and appliances as prop- erty property of customer. During the custody of Franke the tools and appliances are used only for production processingpro- cessing. The tools and appliances are insured against loss and damage for its re- placement replacement value. Costs for repair due to wear and tear or for modification are borne by customer. After expiry of the custody term Franke will give written notice to customer to pick-up the tools and appliance within 60 days. If they are not collected within such term then Franke has the right to dispose of it with- out without further notice, including the right for its destruction.

Tools and appliances. Specifically manufactured tools and appliances for customer remain in the ownership of Franke until receiving full payment. Intellectual property rights of it vest in Franke. Franke receives custody of the tools and appliances until five years after the last use for production processing. Upon request of customer Franke undertakes to mark the tools and appliances as prop- erty proper- ty of customer. During the custody of Franke the tools and appliances are used only for production processing. The tools and appliances are insured against loss and damage for its re- placement replacement value. Costs for repair due to wear and tear or for modification are borne by customer. After expiry of the custody term Franke will give written notice to customer to pick-up the tools and appliance within 60 days. If they are not collected within such term then Franke has the right to dispose of it with- out without further notice, including the right for its destruction.