Title and Insurances Sample Clauses

The "Title and Insurances" clause establishes which party holds legal ownership of goods or property during a transaction and sets out the requirements for maintaining insurance coverage. Typically, it specifies when title to the goods transfers from seller to buyer—such as upon delivery or payment—and outlines the types and amounts of insurance that must be maintained to protect against loss or damage. This clause ensures that both parties are clear on who bears the risk at each stage and that adequate protection is in place, thereby minimizing disputes and financial exposure in the event of unforeseen incidents.