Common use of Transfer of ownership and risk Clause in Contracts

Transfer of ownership and risk. 8.1 Title to and ownership in the goods shall not transfer to ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ until such goods are received at ▇▇▇▇▇ ▇▇▇▇▇▇▇▇’▇ designated production facility as defined in the specific purchase Order and/or as agreed upon by the terms and conditions of any applicable consignment or supplier managed inventory program. Any retention of title by Supplier shall be excluded. 8.2 For the avoidance of doubt Supplier shall bear the risk of loss of or damage to any goods until transfer of title occurs as defined in this paragraph 8. After such delivery and acceptance, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ shall bear the risk of such loss of or damage to such goods, except to the extent that such loss or damage arises out of or results from the negligence or willful misconduct of Supplier or its agents or suppliers.

Transfer of ownership and risk. 8.1 Title to and ownership in the goods shall not transfer to ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ until such goods are received at ▇▇▇▇▇ ▇▇▇▇▇▇▇▇’▇ designated production facility as defined in the specific purchase Order order and/or as agreed upon by the terms and conditions of any applicable consignment or supplier managed inventory program. Any retention of title by Supplier shall be excluded. 8.2 For the avoidance of doubt Supplier shall bear the risk of loss of or damage to any goods until transfer of title occurs as defined in this paragraph 8. After such delivery and acceptance, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ shall bear the risk of such loss of or damage to such goods, except to the extent that such loss or damage arises out of or results from the negligence or willful misconduct of Supplier or its agents or suppliers.