Bailed definition

Bailed means transfer of possession without transfer of ownership. In this situation, the laboratory does not own the laboratory sample, but has possession of the sample while conducting testing on behalf of the owner.
View Source

Examples of Bailed in a sentence

  • Supplier shall bear the risk of loss of and damage to Bailed Property.

  • If applicable, Supplier shall have no claim for payment until the Bailed Property is completed and the PSW and any other necessary documentation have been submitted and approved by Buyer or its customer(s) as the case may be.

  • Supplier, at its own expense, will manufacture a designated number of sample Products using the Bailed Property in order to successfully complete Buyer’s "Production Part Approval Process" (PPAP) and Supplier will submit a Part Submission Warrant (PSW).

  • Bailed Property shall at all times be properly housed, maintained, repaired and replaced by Supplier at Supplier’s expense in good working condition capable of producing Products meeting all applicable specifications.

  • Supplier will indemnify and defend Buyer against claims or liens adverse to Buyer’s or its customer’s ownership of Bailed Property.

  • Buyer will have the right to enter Supplier’s premises to inspect Bailed Property and Supplier’s records regarding Bailed Property.

  • Effective immediately, without further notice or legal action, Buyer, or its designee, has the right to enter the premises of Supplier and take possession of all of Bailed Property without payment of any kind, and to the extent permitted by law Supplier hereby waives any and all defenses in law or equity related to the removal of the Bailed Property.

  • Supplier expressly waives any right to additional notice or process and agrees to provide Buyer or its nominee(s) with immediate access to Bailed Property.

  • Supplier agrees to cooperate with Buyer if ▇▇▇▇▇ elects to take possession of Bailed Property.

  • Supplier acknowledges that the unauthorized possession of Bailed Property by Supplier would cause irreparable harm to Buyer, Buyer’s customer, and others.