Damage and deterioration Clause Samples
The 'Damage and deterioration' clause defines the responsibilities and procedures related to harm or degradation affecting property or goods covered by the agreement. It typically outlines which party is liable for damage or wear and tear, specifies reporting requirements, and may set out steps for repair or compensation. This clause ensures that both parties understand their obligations regarding the condition of the property, thereby minimizing disputes and clarifying who bears the risk if damage occurs during the contract period.
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Damage and deterioration. As from the Commencement Date, the Lessee shall be liable to the Lessor for any damage or deterioration to the Leased Asset (apart from any Major Maintenance) which is not the result of normal wear and tear.
Damage and deterioration. It may be necessary to remove from the Collection any object which is too badly damaged or has deteriorated too far to be of any further use for the service.