Common use of Set Clause in Contracts

Set. The owner shall be entitled to terminate this agreement in the event of the hirer making default in the punctual payment of the hire instalment as agreed to above. In that event, the owner shall be entitled to seize the said T.V. set and take possession of it and the hirer shall give access to the owner for such purpose and the owner shall not be liable to the hirer for such action in any manner whatsoever. The owner in such an event shall be entitled to recover from the hirer all the hire instalments in arrear and in case such instalmets be less than 50 per cent of the orginial price (viz. Rs………………) he shall be entitled to recover the balance that accrues after taking into account the previous hire instalments paid to the extent to which the said payments do not equal the 50 per cent. Of the said price of the T.V. set.

Set. The owner shall be entitled to terminate this agreement in the event of the hirer making default in the punctual payment of the hire instalment installment as agreed to above. In that event, the owner shall be entitled to seize the said T.V. set and take possession of it and the hirer shall give access to the owner for such purpose and the owner shall not be liable to the hirer for such action in any manner whatsoever. The owner in such an event shall be entitled to recover from the hirer all the hire instalments installments in arrear and in case such instalmets installments be less than 50 per cent of the orginial original price (viz. Rs………………) he shall be entitled to recover the balance that accrues after taking into account the previous hire instalments installments paid to the extent to which the said payments do not equal the 50 per cent. Of the said price of the T.V. set.