Common use of Ownership of Plant and Materials Clause in Contracts

Ownership of Plant and Materials. Unless otherwise stated in the Contract, each item of Equipment, Plant and Materials or Contractor’s Documents shall, to the extent consistent with the Laws of the Country, become the property of the Employer at the date of the relevant Taking-Over Certificate, following which (if requested by the Employer, or if the Plant, Materials and/or Equipment is being delivered into storage) the Contractor shall affix thereto (and shall procure that Subcontractors shall affix thereto) plates supplied by the Employer stating that it is the owner thereof.