Common use of Transfer of ownership and responsibility Clause in Contracts

Transfer of ownership and responsibility. 6.1 Terms of Payment Payment will be released only after satisfactory delivery, installation & operation of the goods and machines at our respective destination. Installation reports duly signed by authorized person of the Institute are to be attached along with the invoice for processing of payment. Receipt duly signed by authorized person to be attached along with the invoice for processing of payment in every invoice basic price & taxes should be mentioned separately.

Appears in 6 contracts

Samples: Annual Rate Contract, Annual Rate Contract, Annual Rate Contract

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