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Real estate

Insurance During Transit

📖 3 min read

This clause allocates responsibility for obtaining and maintaining insurance coverage on real property (land, buildings, or improvements) during the period when the property is in transit, being transferred, or in a transitional state of ownership or

risk of loss property insurance certificate of insurance

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Payment

Carrier Selection Authority

📖 3 min read

This clause establishes who has the authority to select the carrier (shipping company or transportation provider) responsible for delivering goods and determines how payment obligations are allocated between parties. The clause typically specifies wh

carrier selection transportation costs risk allocation

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Liability

Duty and Tax Responsibility

📖 3 min read

This clause allocates financial responsibility for duties, tariffs, taxes, and other governmental charges imposed on goods during international shipment. When goods cross borders, they typically incur customs duties (calculated as a percentage of the

duties and tariffs VAT tax responsibility

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Intellectual property

Import License Obligation

📖 3 min read

This clause establishes the obligation to obtain and maintain import licenses required to bring intellectual property (IP) or IP-related goods into a jurisdiction. In intellectual property law, import license obligations typically arise when a party

import license intellectual property protection customs compliance

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Insurance

Export License Obligation

📖 3 min read

This clause allocates responsibility for obtaining and maintaining export licenses required to ship goods, services, or technology across international borders. The clause specifies which party (typically the seller/exporter) must secure the necessar

export controls trade compliance licensing obligation

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Force majeure

Customs Clearance Responsibility

📖 3 min read

This clause allocates responsibility for managing customs clearance procedures and associated costs when goods cross international borders. Customs clearance involves obtaining government approval for imported or exported goods, which typically requi

customs duties international trade force majeure

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Employment

Shipping Documentation

📖 3 min read

** This clause addresses the employer's requirements and procedures for handling shipping documentation related to employee work duties. It typically outlines what shipping records, bills of lading, manifests, and related paperwork an employee must p

** shipping records documentation standards regulatory compliance

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Dispute resolution

Delivery Confirmation Requirements

📖 3 min read

This clause establishes the procedures and standards that must be satisfied to prove that goods or services have been successfully delivered under the contract. It typically specifies what constitutes acceptable proof of delivery—such as signed recei

proof of delivery acceptance evidentiary standard

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Data protection

Risk Until Acceptance

📖 3 min read

The Risk Until Acceptance clause establishes that the seller retains responsibility for loss or damage to goods until the buyer has formally accepted them following inspection. This clause shifts the risk transfer point from a mechanical event (like

acceptance inspection period conditional risk transfer

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Confidentiality

Title Retention Clause

📖 3 min read

The Title Retention Clause specifies that the seller retains legal ownership of goods until certain conditions are met—typically full payment by the buyer. This is a security mechanism that protects the seller's interests by ensuring they maintain a

security interest ownership retention payment condition

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