TITL Clause Samples
The TITL (Title) clause establishes which party holds legal ownership of goods or property under a contract. Typically, it specifies when and how title to the goods transfers from the seller to the buyer, such as upon delivery, payment, or at another agreed milestone. This clause is essential for clarifying ownership rights, determining who bears the risk of loss or damage at various stages, and preventing disputes over property rights during the transaction.
TITL. Notwithstanding any other provision of this Exhibit G or the dissolution plan, TI may perform TITL industry-wide cigarette testing pursuant to the FTC method or any other testing prescribed by state or federal law until such function is transferred to another entity, which transfer will be accomplished as soon as practicable but in no event more than 180 days after court approval of the dissolution plan.
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