This analysis describes what Ledger's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
The allocation of risk at the point of delivery determines which party bears responsibility for product loss or damage during the transaction. This provision clarifies the contractual moment when the seller's obligation for product condition concludes and the buyer's responsibility commences.
Under this clause, buyers assume risk of loss or damage immediately upon taking physical possession of the Product or upon its delivery to a designated recipient. This means any loss, theft, or damage occurring after delivery becomes the buyer's responsibility rather than Ledger's.
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"The risk of loss and damage to the Products is transferred to you upon delivery (i.e. when you physically take possession of the Product, or when the Product is physically delivered to the person you have designated).— Excerpt from Ledger's Ledger Terms of Sale
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The allocation of risk at the point of delivery determines which party bears responsibility for product loss or damage during the transaction. This provision clarifies the contractual moment when the seller's obligation for product condition concludes and the buyer's responsibility commences.
Under this clause, buyers assume risk of loss or damage immediately upon taking physical possession of the Product or upon its delivery to a designated recipient. This means any loss, theft, or damage occurring after delivery becomes the buyer's responsibility rather than Ledger's.
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