Retention of Risk Clause Samples

The Retention of Risk clause defines the point at which the responsibility for loss or damage to goods transfers from the seller to the buyer. Typically, this clause specifies that the seller retains the risk until the goods are delivered to a specified location or until a certain event occurs, such as acceptance by the buyer or handover to a carrier. By clearly allocating risk, this clause ensures that both parties understand who bears the financial consequences of any loss or damage during transit or storage, thereby preventing disputes and clarifying liability.
Retention of Risk. Company agrees that it assumes the full risk and responsibility of damage to or loss of its equipment while at, or in shipment to, the designated SNIA testing facilities, regardless of the cause thereof.
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Retention of Risk. The MCO must remain substantially at risk for providing services under this contract. Risk is defined as the possibility of the MCO’s monetary loss or gain resulting from costs exceeding or being less than capitation payments made to the MCO by the Department.
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Retention of Risk. Correspondent agrees that it retains all rises that the Dealer will not perform on the Trade. If CMI deems, at its sole option, that the Dealer is unable to perform, CMI may immediately take any action it deems necessary and prudent in order to minimize its losses, including paring off, and Correspondent agrees that it will immediately pay CMI any related loss incurred by CMI pursuant to the terms and procedure described in paragraph 14, below.
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Related to Retention of Risk

  • Allocation of Risk Licensee acknowledges and agrees that each provision of this Agreement that provides for a disclaimer of warranties or an exclusion or limitation of damages represents an express allocation of risk, and is part of the consideration of this Agreement.

  • Retention of Rights The JBE retains all rights, title and interest (including all Intellectual Property Rights) in and to the JBE Materials. Subject to rights granted herein, Contractor retains all rights, title and interest (including all Intellectual Property Rights) in and to the Contractor Materials.

  • Evaluation of Risks The Investor has such knowledge and experience in financial tax and business matters as to be capable of evaluating the merits and risks of, and bearing the economic risks entailed by, an investment in the Company and of protecting its interests in connection with this transaction. It recognizes that its investment in the Company involves a high degree of risk.

  • Acknowledgement of Risk (a) The Purchaser acknowledges and understands that its investment in the Securities involves a significant degree of risk, including, without limitation, (i) the Company remains a clinical stage business and requires substantial funds in addition to the proceeds from the sale of the Securities, (ii) an investment in the Company is speculative, and only Purchasers who can afford the loss of their entire investment should consider investing in the Company and the Securities, (iii) the Purchaser may not be able to liquidate its investment, (iv) transferability of the Securities is extremely limited, (v) in the event of a disposition of the Securities, the Purchaser could sustain the loss of its entire investment, and (vi) the Company has not paid any dividends on its Common Stock since inception and does not anticipate the payment of dividends in the foreseeable future. Such risks are more fully set forth in the SEC Documents; (b) The Purchaser is able to bear the economic risk of holding the Securities for an indefinite period, and has knowledge and experience in financial and business matters such that it is capable of evaluating the risks of the investment in the Securities; and (c) The Purchaser has, in connection with the Purchaser’s decision to purchase Securities, not relied upon any representations or other information (whether oral or written) other than as set forth in the representations and warranties of the Company contained herein and the information disclosed in the SEC Documents, and the Purchaser has, with respect to all matters relating to this Agreement and the offer and sale of the Securities, relied solely upon the advice of such Purchaser’s own counsel and has not relied upon or consulted any counsel to the Company.

  • Passing of Risk Save as provided in paragraph 7.6, the time at which the risk shall pass shall be fixed in accordance with the International Rules for the Interpretation of Trade Terms (Incoterms) of the International Chamber of Commerce in force at the date of the formation of the contract.