TOOLAGE Clause Samples

TOOLAGE. (a) All patterns, dies, tools, jigs, gauges and fixtures ("toolage") supplied or paid for by the Purchaser shall remain the property of the Purchaser and shall be returned to the Purchaser on completion of the supply of the Goods and/or Services, unless otherwise agreed to by the Purchaser in writing. (b) Any toolage loaned to the Supplier by the Purchaser is to be reported on by Supplier as to general condition. Advice should be given by the Supplier as to whether modification/ renewal is required and whether the loaned toolage is an aid to the manufacture of the Goods and/or Services. The Purchaser accepts no responsibility as to the accuracy or suitability or otherwise of such toolage. (c) The Supplier shall keep in good order and repair any toolage referred to in this Clause 5 and in the event of loss, destruction or damage of such toolage shall, without prejudice to any other right or remedy available to the Purchaser in respect of the same, on demand by the Purchaser's (and at the Purchaser's option) either replace or pay to the Purchaser the actual cost incurred by the Purchaser in replacing or repairing such toolage. (d) General toolage wear and tear is at Supplier's expense. (e) The Purchaser on the submission of any toolage, to the Supplier, will clearly identify in writing, to the Supplier, the replacement cost of any toolage and fixtures. Failure to do so in writing and without formal consent by the Supplier of the terms, will relieve the Supplier of any obligation to replace toolage or fixtures, if damaged or lost.