Purchaser’s Property definition
Examples of Purchaser’s Property in a sentence
Unless otherwise agreed by Purchaser in writing, Seller will use all Purchaser’s Property solely and exclusively to perform for Purchaser’s benefit hereunder, and not for the benefit of any other party.
Seller will assign to Purchaser any claims Seller has against third parties with respect to Purchaser’s Property.
Seller shall not purchase on the account of or charge Purchaser for any Purchaser’s Property except as authorized in a Purchase Order.
The Purchaser’s Property shall be held by the Seller in safe custody at its own risk and maintained and kept in good condition by the Seller until returned to the Purchaser and shall not be disposed of other than in accordance with the Purchaser’s written instructions, nor shall such items be used otherwise than as authorised by the Purchaser in writing.
The Purchaser shall, upon completion of Purchaser’s Inspection Period, return the Property to its existing condition, restore and repair any damage caused by any Property Inspections, and shall indemnify and hold the Seller harmless from any damages whatsoever that result in any way from the Purchaser’s Property Inspections.
Title to Purchaser’s Property that is not already owned by Purchaser shall transfer to Purchaser upon Purchaser’s payment in full for such property.
Seller assumes sole responsibility for inspecting, testing and approving all Purchaser’s Property or other materials supplied by Purchaser prior to any use by Seller.
Seller shall at all times prominently identify Purchaser’s Property as belonging to Purchaser, and shall segregate such property from property of Seller or others.
Seller shall be responsible for Purchaser’s Property while the same is in the possession, control or custody of Seller or any Person to whom or to which Seller transfers any Purchaser’s Property.
Seller shall not, without the prior written consent of Purchaser, use Purchaser’s Property or Confidential Information in the manufacture of any Goods, goods or material for any Person other than Purchaser.