Ownership & Bailee Clause Samples

Ownership & Bailee. Property and ownership in Goods, whether in their original form or incorporated in, commingled with or attached to another product, will not pass to you but will remain with us until we receive payment in full of our Fees and all other amounts that you owe us under this Agreement. Unless such products are a fixture, you shall hold such Goods and proceeds of all kind (including insurance proceeds) in trust in a fiduciary capacity for us as bailee, and store and sell them in a manner to enable them to be identified and cross referenced to particular invoices.