Common use of Responsibility for Property Clause in Contracts

Responsibility for Property. Unless otherwise specified, upon actual delivery to Seller or manufacture or acquisition by Seller of any materials, parts, tooling, data, or other property, title to which is or will be upon delivery and/or acceptance in Buyer’s name. Seller agrees to assume all risk of and shall be responsible, until actual delivery and successful inspection and acceptance by Xxxxx, for any loss thereof or damage thereto. In accordance with the provisions of this Purchase Order, but in any event upon completion thereof, Seller shall return such property to Buyer in the condition in which it was received except for reasonable wear and tear and except for such property as has been reasonably consumed in the performance of this Purchase Order.

Responsibility for Property. Unless otherwise specified, upon actual delivery the title to Seller or manufacture or acquisition by Seller of any materials, parts, tooling, data, or other property, title property owned by the Buyer and provided to which is or will be the Seller shall continue to vest in the Buyer even upon delivery and/or to the Seller of the same and acceptance in Buyer’s nameby the Seller of such materials. Seller agrees to assume all assumes the risk of and shall be responsible, until actual delivery and successful inspection and acceptance by Xxxxx, responsible for any loss thereof or damage thereto. In accordance with the provisions of this Purchase Order, but in any event upon completion thereof, Seller shall return such property to Buyer in the condition in which it was received except for reasonable wear and tear and except for such property as has been reasonably consumed in the performance of this Purchase Order.