Common use of Risk and Ownership Clause in Contracts

Risk and Ownership. 8.1. Ownership in the included assets shall pass to the Purchaser only upon payment of the purchase price as provided for in Clause 6 above. 8.2. All risk and benefit in the subject matter 7shall be deemed to have passed to the Purchaser with effect from the effective date.

Appears in 5 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement