Common use of Retention of Title Clause in Contracts

Retention of Title. a. Property in all the Goods supplied shall remain vested in the Company and shall not pass to the Customer until all monies owing to the Company by the Customer together with all collection, repossession and/or legal costs incurred, have been paid in full. b. The Goods, whether as separate chattels or as components, shall be stored in such a manner as to be clearly identifiable as the property of the Company until title has passed to the Customer. c. The Company may demand at any time until title has passed to the Customer that the Customer returns the Goods or any part of them. d. In the event that the Customer defaults in the payment of any monies owing to the Company, the Company and its employees or agents shall have the right to enter without notice upon the Customer's premises or any other premises where the Goods are known to be stored to repossess the Goods and for this purpose the Customer shall grant reasonable access rights and the Company, its employees or agents shall be entitled to do all things required to secure repossession.

Appears in 24 contracts

Samples: Commercial Credit Application and Security Agreement, 30 Day Eom Credit Application and Security Agreement, Credit Application and Security Agreement

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