Common use of Tools Clause in Contracts

Tools. Unless otherwise agreed in writing, the tools designed or built by us, even if charged to the purchaser, remain our property and we do not allow them to leave our factories. After complete acquisition, the exclusive use of the tools is reserved for the purchaser for a period of five years after the last order. At the end of this period, the tools will be considered worthless and may be dismantled. If the purchaser is a natural person, the exclusive use of the tools is granted on a personal basis and ceases by death, incapacity, bankruptcy, cessation of activity, transfer of business in any form. If the purchaser is a legal entity, the exclusivity ceases by bankruptcy, cessation of business, assignment, dissolution, merger or legal transformation into another company.