Common use of Passing of Property Clause in Contracts

Passing of Property. The Property in the goods shall notwithstanding delivery to Purchaser remain in Seller until Purchaser has paid the full price as well as all other sums whatsoever due to Seller. If at any time payment of the price of any other sums due to Seller is overdue, Seller may by its servants or agents enter upon Purchaser's premises and recover and dispose of the goods and Purchaser shall make no claim against Seller in respect of such entry or disposal. Purchaser may in the ordinary course of business mix the goods with other objects or convert the goods into other objects whether by the process of manufacture or otherwise and whether or not such mixture or conversion renders the goods unidentifiable. In that event, the property in the mixture or the converted goods as the case may be shall forthwith pass to Seller and remain with Seller from the moment of mixture or conversion until Purchaser has paid all sums whatsoever due to Seller, and the provisions of the above sub-clauses shall apply to any such mixture or converted goods as if it or they were the goods themselves.

Passing of Property. The Property in the goods shall shall, notwithstanding delivery to Purchaser Purchaser, remain in with Seller until Purchaser has paid the full price as well as all other sums whatsoever due to Seller. If at any time payment of the price of any other sums due to Seller is overdue, Seller may by its servants or agents enter upon Purchaser's ’s premises and recover and dispose of the goods and Purchaser shall make no claim against Seller in respect of such entry or disposal. Purchaser may in the ordinary course of business mix the goods with other objects or convert the goods into other objects whether by the process of manufacture or otherwise and whether or not such mixture or conversion renders the goods unidentifiableunsuitable. In that event, the property in the mixture or the converted goods as the case may be shall forthwith pass to Seller and remain with Seller from the moment of mixture or conversion until Purchaser has paid all sums whatsoever due to Seller, and the provisions of the above sub-clauses shall apply to any such mixture or converted goods as if it or they were the goods themselves.