UNIVERSITY EQUIPMENT. All materials, tools, equipment and other property either furnished by University to Contractor or individually paid for by University (“University Equipment”) shall remain the property of University, but Contractor shall assume all risks of and be entirely responsible for any losses or damages arising from its use of University Equipment. Upon completion or termination of this Agreement, Contractor shall promptly return all University Equipment in the condition in which Contractor received it, taking into account reasonable wear and tear.
Appears in 4 contracts
Samples: Independent Contractor Agreement, Services Agreement, Services Agreements
