Transfer of ownership and risk. 21.1. Ownership of the delivered Goods shall be transfered at the time of Delivery, where necessary after any necessary installation work. The risk is transfered to the HZ University of Applied Sciences after acceptance of the Goods by the HZ University of Applied Sciences. 21.2. Acceptance of the Goods will be effected by means of a written statement from the HZ University of Applied Sciences, after Delivery and, where necessary, installation of the Goods. If the HZ University of Applied Sciences does not accept the Goods, it shall state the reasons why acceptance is withheld.
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Sources: Purchase Agreement, Purchase Agreement