<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=229461991482875&amp;ev=PageView&amp;noscript=1">
Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means

Glossary > R

Risk of Loss

Risk of loss is the allocation of responsibility for covering the Risk of damage to or loss of goods  after a sale has been completed, but before delivery.

If the seller bears risk of loss during transport, the seller has a responsibility to provide substitute goods should the goods get lost or destroyed in transit.

If the buyer bears risk of loss, the buyer generally must pay for the goods, even though they never arrive.

< Previous Next >
UKAS-ISO9001-Mark-cl-27_Mono-1
UKAS-ISO27001-Mark-cl-27_Mono-1
logo-reduced

Copyright © 2015 - 2025. Gatekeeper™ is a registered trademark.
close

Request your free demo of Gatekeeper

close

Top Rated CLM Software

  • b614d35e-9f9a-4f9f-80b2-72cd742b3101 (1)
  • 5f33dda0-5d00-4bb7-9077-206a701bdeb6 (1)
  • a6994087-5c6b-4c3d-a114-b94d82b57270 (1)
  • medal (2)-4

Before Gatekeeper, our contracts
were everywhere and nowhere.

Anastasiia Sergeeva, Legal Operations Manager, BlaBlaCar

Gatekeeper is that friendly tap on the shoulder,
to remind me what needs our attention.

Donna Roccoforte, Paralegal, Hakkasan Group

Great System. Vetted over 25 other systems
and Gatekeeper rose to the top.

Randall S. Wood, Associate Corporate Counsel, Cricut

Book your Free Demo of Gatekeeper