Common use of Upon Delivery Clause in Contracts

Upon Delivery. TAA shall accept delivery of the Goods. The Goods shall remain the sole property of Consignor until sold or as otherwise stated in this Agreement. TAA hereby acknowledges that it takes possession of the Goods only on a consignment basis and it does not acquire any property right, title, or security interest in the Goods, unless otherwise stated herein. The Consignor’s consignment is not a consignment intended as a security.

Appears in 2 contracts

Sources: Consignment Agreement, Consignment Agreement