Common use of Loaned Materials Clause in Contracts

Loaned Materials. All tools, materials and other goods or documents that Company makes available to the Supplier (the “Loaned Materials”) shall remain the absolute property of Company and shall be returned to Company immediately upon termination of the Agreement together with any copies or reproductions thereof and any other outcome resulting from the use of the Loaned Materials. The Supplier shall store the Loaned Materials with the care of a good custodian, separately from its own materials and marked as property of Company. The Supplier shall only use the Loaned Materials for the purpose of the Agreement, exclusively for the benefit of Company, and always in accordance with Company’s recommendations of use.

Appears in 1 contract

Sources: Product General Purchase Terms & Conditions

Loaned Materials. 13.1 All tools, materials and other goods or documents that Company makes available to the Supplier (the “Loaned Materials”) shall remain the absolute property of Company and shall be returned to Company immediately upon termination of the Agreement together with any copies or reproductions thereof and any other outcome resulting from the use of the Loaned Materials. The Supplier shall store the Loaned Materials with the care of a good custodian, separately from its own materials and marked as property of Company. The Supplier shall only use the Loaned Materials for the purpose of the Agreement, exclusively for the benefit of Company, and always in accordance with Company’s recommendations of use.

Appears in 1 contract

Sources: Product Purchase Agreement