Common use of Transfer of Title and Risk of Loss Clause in Contracts

Transfer of Title and Risk of Loss. 8.1 Title and risk of loss to all or any portion of the Goods/Services/Works shall pass to Company upon the date the Goods/Services/Works have been accepted by Company, as provided in Clause 7. If any portion of the Goods/Services/Works is damaged before acceptance, Contractor shall promptly notify Company and proceed to either repair or replace any affected portion in such a manner so as to minimize any delay to the schedule. 8.2 Contractor warrants and guarantees that legal title to the Goods/Services/Works shall be free and clear of any and all liens, claims, security interests or other encumbrances when title thereto passes to Company, except for those liens Contractor holds as a result of non-payment by Company and liens arising by Applicable Law that are not otherwise prohibited hereunder.

Appears in 4 contracts

Samples: Contract Agreement, Contract Agreement, Contract Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!