We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Value of Articles Clause in Contracts

Value of Articles. For purposes of this Agreement, the value of Articles that are lost or damaged while in GIA's possession will be the greater of the actual cash value or GIA's obligations under statute, under civil law, under regulatory rules, or following the findings of any alternative dispute resolution binding on GIA's insurer to pay civil compensation or damages. In the event that GIA loses or damages an Article, you agree to provide complete and accurate documentation and receipts to GIA with respect to the actual cash value of the Article. You acknowledge and agree that notwithstanding anything to the contrary, the actual value of an Article may be less than the amount of insurance purchased by you to cover loss or damage during transit to or from GIA, including without limitation because the Article is unstable, laboratory grown, treated, or otherwise not the type of Article you believed the Article to be.

Appears in 4 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

Value of Articles. For purposes of this Agreement, the value of Articles that are lost or damaged while in GIA's ’s possession will be the greater of the actual cash value or GIA's ’s obligations under statute, under civil law, under regulatory rules, or following the findings of any alternative dispute resolution binding on GIA's insurer to pay civil compensation or damages. In the event that GIA loses or damages an Article, you agree to provide complete and accurate documentation and receipts to GIA with respect to the actual cash value of the Article. You acknowledge and agree that notwithstanding anything to the contrary, the actual value of an Article may be less than the amount of insurance purchased by you to cover loss or damage during transit to or from GIA, including without limitation because the Article is unstable, laboratory laboratory-grown, treated, or otherwise not the type of Article you believed the Article to be.

Appears in 1 contract

Samples: Client Agreement