Inherent Vice definition
Examples of Inherent Vice in a sentence
Said insurance shall be on an “all risks of physical damage” form, subject to the policy’s terms and conditions with exclusions such as: Delay, Deterioration, Inherent Vice, Nuclear Hazards, Loss of Market, Wear and Tear, Error or Deficiency in Design, Mechanical or Electrical Malfunction, Infidelity of the Assured or its Employees, Radioactive Contamination, Losses caused by Process, Mysterious Disappearance, Taking of Inventory, Biological, Biochemical or Electromagnetic Contamination.
ARTIST warrants that the ARTWORK will be free of defects in workmanship, including Inherent Vice, and that the ARTIST will, at the ARTIST’s own expense, remedy any defects due to faulty workmanship, or Inherent Vice, which appear within a period of one year from the date the ARTWORK is formally accepted.
Artist warrants that the Artwork and workmanship will be free of defects in workmanship, including Inherent Vice, and that the Artist will, at the Artist’s own expense, remedy any defects due to faulty workmanship, or Inherent Vice, which appear within a period of three years from the date the Artwork is formally accepted.
If the artwork should deteriorate because of Inherent Vice within three years from the date the artwork is formally accepted, ARTIST will repair or replace the artwork without charge for ARTIST’s services in supervising the work of others or for repairing the artwork and ARTIST will also pay for the cost of labor rendered by persons other than the ARTIST, materials, and supplies.
ARTIST warrants that the artwork and workmanship will be free of defects in workmanship, including Inherent Vice, and that the ARTIST will, at the ARTIST’s own expense, remedy any defects due to faulty workmanship, or Inherent Vice, which appear within a period of three years form the date the artwork is formally accepted.
If the Artwork should deteriorate because of Inherent Vice between one and three years from the date the Artwork is formally accepted, Artist will repair or replace the Artwork without charge for Artist’s services in supervising the work of others or for repairing the work that they originally performed on the Artwork and Artist will pay for the cost of labor rendered by persons other than the Artist, materials and supplies.
Inherent Vice does not include any potential for deterioration that is specifically identified in the Final Proposal.