Title to a Clause Samples
The 'Title to' clause establishes which party holds legal ownership of certain property, goods, or assets under a contract. Typically, it specifies when and how title (ownership rights) transfers from the seller to the buyer, such as upon delivery, payment, or completion of certain conditions. For example, in a sales agreement, this clause might state that the buyer gains title only after full payment is received. Its core function is to clearly define the point at which ownership changes hands, thereby reducing disputes and clarifying risk allocation between the parties.
Title to a certificate evidencing Receipts (and to the Receipts evidenced thereby), when properly endorsed or accompanied by proper instruments of transfer, shall be transferable by delivery with the same effect as in the case of a negotiable instrument under the laws of New York; provided, however, that the Trustee, notwithstanding any notice to the contrary, may treat the Owner of Receipts as the absolute Owner thereof for the purpose of determining the person entitled to distribution of dividends or other distributions or to any notice provided for in the Depositary Trust Agreement and for all other purposes.