Common use of Retention of Title Clause in Contracts

Retention of Title. a. The Work remains the Seller's property until the Buyer has paid for it and discharged all other debts owing to the Seller. b. If the Buyer becomes subject to Insolvency and the Work has not been paid for in full the Seller may take the goods back and, if necessary, enter the Buyer's premises to do so, or to inspect and/or label the goods so as to identify them clearly. c. If the Buyer shall sell the goods before they have been paid for in full he shall hold the proceeds of sale on trust for the Seller in a separate account until any sum owing to the Seller has been discharged from such proceeds. d. Where the Buyer is in breach of these Terms or performs any act of Bankruptcy or Insolvency the Seller reserves the right to approach the Buyer's customer and to offer the Work directly to them, notwithstanding the fact that this will involve advising the Buyer’s customer that the Buyer is in breach or in default.

Retention of Title. a. The Work remains the Seller's ’s property until the Buyer has paid for it and discharged all other debts owing to the Seller. b. If the Buyer becomes subject to Insolvency and the Work has not been paid for in full the Seller may take the goods back and, if necessary, enter the Buyer's ’s premises to do so, or to inspect and/or label the goods so as to identify them clearly. c. If the Buyer shall sell the goods before they have been paid for in full he shall hold the proceeds of sale on trust for the Seller in a separate account until any sum owing to the Seller has been discharged from such proceeds. d. Where the Buyer is in breach of these Terms or performs any act of Bankruptcy or Insolvency the Seller reserves the right to approach the Buyer's ’s customer and to offer the Work directly to them, notwithstanding the fact that this will involve advising the Buyer’s customer that the Buyer is in breach or in default.

Retention of Title. a. The Work remains the Seller's ’s property until the Buyer has paid for it and discharged all other debts owing to the Seller. b. If the Buyer becomes subject to Insolvency and the Work has not been paid for in full the Seller may take the goods back and, if necessary, enter the Buyer's ’s premises to do so, or to inspect and/or label the goods so as to identify them clearly. c. If the Buyer shall sell the goods before they have been paid for in full he shall hold the proceeds of sale on trust for the Seller in a separate account until any sum owing to the Seller has been discharged from such proceeds. d. Where the Buyer is in breach of these Terms or performs any act of Bankruptcy or Insolvency the Seller reserves the right to approach the Buyer's ’s customer and to offer the Work directly to them, notwithstanding not withstanding the fact that this will involve advising the Buyer’s customer that the Buyer is in breach or in default.”

Retention of Title. a. The Work remains the Seller's ’s property until the Buyer has paid for it and discharged all other debts owing to the Seller. b. If the Buyer becomes subject to Insolvency and the Work has not been paid for in full the Seller may take the goods back and, if necessary, enter the Buyer's ’s premises to do so, or to inspect and/or label the goods so as to identify them clearly. c. If the Buyer shall sell the goods before they have been paid for in full he shall hold the proceeds of sale on trust for the Seller in a separate account until any sum owing to the Seller has been discharged from such proceeds. d. Where the Buyer is in breach of these Terms or performs any act of Bankruptcy or Insolvency the Seller reserves the right to approach the Buyer's ’s customer and to offer the Work directly to them, notwithstanding not withstanding the fact that this will involve advising the Buyer’s customer that the Buyer is in breach or in default.

Retention of Title. a. The Work remains the Seller's ’s property until the Buyer has paid for it and discharged all other debts owing to the Seller. b. If the Buyer becomes subject to Insolvency and the Work has not been paid for in full the Seller may take the goods back and, if necessary, enter the Buyer's ’s premises to do so, or to inspect and/or label the goods so as to identify them clearly. c. If the Buyer shall sell the goods before they have been paid for in full he shall hold the proceeds of sale on trust for the Seller in a separate account until any sum owing to the Seller has been discharged from such proceeds. d. Where the Buyer is in breach of these Terms or performs any act of Bankruptcy or Insolvency the Seller reserves the right to approach the Buyer's ’s customer and to offer the Work directly to them, notwithstanding the fact that this will involve advising the Buyer’s customer that the Buyer is in breach or in default.