RISK AND TITLE definition
RISK AND TITLE. The risk in the Goods passes to CP upon delivery, and AE will not be held responsible for damage, loss or theft of the books once the books have been delivered to CP’s nominated address. Property and ownership in the Goods will not pass to CP but will remain with AE until: (a) the full purchase price and all other amounts owing to AE are paid; or (b) CP sells or disposes of the Goods to CP’s customers in the ordinary course of business. FEES & CANCELLATION FEES: A 50% deposit is required by AE once CP accepts the printing proof and supporting printing specifications provided by AE. Once this deposit is paid, CP agrees to pay the remaining 50% balance of the purchase price, the freight charge, and the cost of any additional graphic design and typesetting work requested by CP in writing, within 14 days of the issue date of the final tax invoice. In the event that CP notifies AE that it requires AE to collect and replace faulty Goods and Goods damaged in transit, then the monies due to AE are not payable by CP under this clause until 14 days of the delivery of replacement Goods by AE.
Examples of RISK AND TITLE in a sentence
RISK AND TITLE Risks of loss of or damage to the Products shall pass from the Supplier to the Company upon delivery according to the applicable Incoterm 2010.
RISK AND TITLE Risk of loss or damage and title to Products supplied under this Supply Agreement shall pass to the Purchaser upon Delivery of the Product to the Purchaser pursuant to clause 5.
RISK AND TITLE TO BE AGREED [The risk of any loss or damage to the PV System, whether on or off the Site, shall remain with the Contractor until the Completion Certificate has been issued.