Common use of TRANSFER OF TITLE AND OWNERSHIP Clause in Contracts

TRANSFER OF TITLE AND OWNERSHIP. 11.1 Without prejudice to the provisions of Section 9.1, the Equipment shall remain the Seller's property until the relevant purchase price will have been paid in full. In the event the applicable laws do not permit the Seller to retain title, the Seller shall be entitled to a security interest or charge in the asset. The Buyer shall give the Seller every assistance in securing an interest in the property or taking any measure required to protect Seller's title or such other rights. The retention of title, security interest or charge shall not affect the passing of risk of loss and/or damage under Section 9. 11.2 Seller shall retain title to any software and documentation. To the extent that such software and documentation are included in the scope of delivery, then Buyer shall receive a royalty-free, non-exclusive and non-transferable license to use such software and documentation only in connection with the Equipment and for no other purpose whatsoever.

TRANSFER OF TITLE AND OWNERSHIP. 11.1 Without prejudice to the provisions of Section 9.1, the Equipment shall remain the Seller's ’s property until the relevant purchase price will have been paid in full. In the event the applicable laws do not permit the Seller to retain title, the Seller shall be entitled to a security interest or charge in the asset. The Buyer shall give the Seller every assistance in securing an interest in the property or taking any measure required to protect Seller's ’s title or such other rights. The retention of title, security interest or charge shall not affect the passing of risk of loss and/or damage under Section 9. 11.2 Seller shall retain title to any software and documentation. To the extent that such software and documentation are included in the scope of delivery, then Buyer shall receive a royalty-free, non-exclusive and non-transferable license to use such software and documentation only in connection with the Equipment and for no other purpose whatsoever.