Common use of Transfer of Title and Risk Clause in Contracts

Transfer of Title and Risk. Title to the Goods shall, irrespective of Delivery, pass to Purchaser upon payment of the Contract Price in full. The risk of loss of and damage to the Goods shall pass to Purchaser upon Delivery in accordance with the applicable Incoterms (2020). Until the title to the Goods has passed from Lippmann to Purchaser, Purchaser shall keep the Goods separately and readily identifiable as the property of Xxxxxxxx. Purchaser shall assist Xxxxxxxx in taking any measures necessary to protect Xxxxxxxx’x title to the Goods in the country concerned. If Purchaser is in default of its payment obligations under this Contract, and fails to rectify this within seven (7) days after the Lippmann’s written notice thereof, Lippmann may (without prejudice to any other of its rights available at law or under this Contract) enter upon Purchaser’s premises and without any court order or other process of law may repossess and remove the Goods, or render the Goods unusable without removal, either with or without prior notice thereof to Purchaser. Purchaser hereby authorizes Xxxxxxxx to do so, and waives any trespass or right of action for damages by reason of such entry, removal or disabling. Any such repossession or action by Xxxxxxxx shall not constitute a termination of this Contract.

Transfer of Title and Risk. Title to the Goods shall, irrespective of Delivery, pass to Purchaser upon payment of the Contract Price in full. The risk of loss of and damage to the Goods shall pass to Purchaser upon Delivery in accordance with the applicable Incoterms (2020)Delivery. Until the title to the Goods has passed from Lippmann MWS Equipment to Purchaser, Purchaser shall keep the Goods separately and readily identifiable as the property of XxxxxxxxMWS Equipment. Purchaser shall assist Xxxxxxxx MWS Equipment in taking any measures necessary to protect Xxxxxxxx’x MWS Equipment’s title to the Goods in the country concerned. If Purchaser is in default of its payment obligations under this Contract, and fails to rectify this within seven (7) days after the LippmannMWS Equipment’s written notice thereof, Lippmann MWS Equipment may (without prejudice to any other of its rights available at law or under this Contract) enter upon Purchaser’s premises and without any court order or other process of law may repossess and remove the Goods, or render the Goods unusable without removal, either with or without prior notice thereof to Purchaser. Purchaser hereby authorizes Xxxxxxxx MWS Equipment to do so, and waives any trespass or right of action for damages by reason of such entry, removal or disabling. Any such repossession or action by Xxxxxxxx MWS Equipment shall not constitute a termination of this Contract.

Transfer of Title and Risk. Title to the Goods shall, irrespective of Delivery, pass to Purchaser upon payment of the Contract Price in full. The risk of loss of and damage to the Goods shall pass to Purchaser upon Delivery in accordance with the applicable Incoterms (2020)Delivery. Until the title to the Goods has passed from Lippmann XxXxxxxxx to Purchaser, Purchaser shall keep the Goods separately and readily identifiable as the property of XxxxxxxxXxXxxxxxx. Purchaser shall assist Xxxxxxxx XxXxxxxxx in taking any measures necessary to protect Xxxxxxxx’x XxXxxxxxx’x title to the Goods in the country concerned. If Purchaser is in default of its payment obligations under this Contract, and fails to rectify this within seven (7) days after the Lippmann’s XxXxxxxxx’x written notice thereof, Lippmann XxXxxxxxx may (without prejudice to any other of its rights available at law or under this Contract) enter upon Purchaser’s premises and without any court order or other process of law may repossess and remove the Goods, or render the Goods unusable without removal, either with or without prior notice thereof to Purchaser. Purchaser hereby authorizes Xxxxxxxx XxXxxxxxx to do so, and waives any trespass or right of action for damages by reason of such entry, removal or disabling. Any such repossession or action by Xxxxxxxx XxXxxxxxx shall not constitute a termination of this Contract.

Transfer of Title and Risk. Title to the Goods shall, irrespective of Delivery, pass to Purchaser upon payment of the Contract Price in full. The risk of loss of and damage to the Goods shall pass to Purchaser upon Delivery in accordance with the applicable Incoterms (2020)Delivery. Until the title to the Goods has passed from Lippmann XxXxxxxxx to Purchaser, Purchaser shall keep the Goods separately and readily identifiable as the property of XxxxxxxxXxXxxxxxx. Purchaser shall assist Xxxxxxxx XxXxxxxxx in taking any measures necessary to protect Xxxxxxxx’x McCloskey’s title to the Goods in the country concerned. If Purchaser is in default of its payment obligations under this Contract, and fails to rectify this within seven (7) days after the LippmannMcCloskey’s written notice thereof, Lippmann XxXxxxxxx may (without prejudice to any other of its rights available at law or under this Contract) enter upon Purchaser’s premises and without any court order or other process of law may repossess and remove the Goods, or render the Goods unusable without removal, either with or without prior notice thereof to Purchaser. Purchaser hereby authorizes Xxxxxxxx XxXxxxxxx to do so, and waives any trespass or right of action for damages by reason of such entry, removal or disabling. Any such repossession or action by Xxxxxxxx XxXxxxxxx shall not constitute a termination of this Contract.