Common use of Right of Lien Clause in Contracts

Right of Lien. The organiser has a right of lien for all the exhibitor’s goods brought to the fairgrounds (e.g. exhibits, equipment, etc.) in case of exhibitor’s outstanding debts towards the organiser. The withheld object shall be stored at exhibitor's expenses and risk. Failure to settle the outstanding debts within 30 days after the termination of the exhibition shall result in organiser’s right to sell the withheld goods and to settle the outstanding debt and other expenses with the revenues, and to remit possible balance to the exhibitor balance within 15 days upon the effected sale.

Appears in 5 contracts

Samples: Entry Form and Agreement, www.sejem-lov.si, www.inpak.pomurski-sejem.si

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