Common use of Transfer of Risk and Title Clause in Contracts

Transfer of Risk and Title. 8.1. All risks of loss or damage relating to the Products shall pass to Customer on delivery. 8.2. The property of the Products will pass to Customer after full payment of all amounts which ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ is entitled to claim from Customer for the Products delivered to Customer pursuant to the Agreement as well as due to its being in default of observing the Agreement or these Terms and Conditions. 8.3. Products delivered by ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ under retention of title (eigendomsvoorbehoud) may only be resold by Customer within the scope of its normal business activities and only in an arm's length bona fide transaction at full market value or at a proper trade discount. 8.4. Customer is obliged to ensure that the Products that are (still) the property of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ remain or are rendered identifiable. Should Customer be in default or should there be good reason to suspect that Customer may default on any of its obligations, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ shall be entitled to remove the Products belonging to it from Customer’s possession or from the possession of a third party holding the Goods on behalf of Customer at Customer’s expense. 8.5. Customer undertakes to insure and keep insured against loss, damage and theft all the Products delivered under retention of title and to make the insurance policy available for inspection by ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ on request.