Common use of Transfer of Ownership Rights Clause in Contracts

Transfer of Ownership Rights. Ownership rights for the goods are transferred to the Buyer upon full payment of the purchase price. An accepted xxxx of exchange is not considered payment. However, the Buyer reserves the right to sell, within the normal parameters of business, goods that have not yet been paid for. In such cases, ownership rights are transferred to the Buyer upon receipt of the goods. The Seller reserves the right to invoke the ownership retention provision in order to reclaim its sold property. The Seller may also deny the retail sale or installation of goods if the Buyer has any outstanding invoices from the Seller, or if insolvency proceedings have been started against the Buyer or the Buyer in some other way has demonstrated that its ability to make payments or its financial status has been compromised to the extent that the Buyer may not be able to make payments to the Seller. In such a case, the Buyer is obligated to surrender the goods in question to the Seller at the Seller’s request. If the Buyer is unable to pay off outstanding invoices in cash, payment can be made in goods that have been transferred to the Buyer’s ownership, provided that the Seller approves of this on a case-by-case basis.

Transfer of Ownership Rights. Ownership rights for the goods are transferred trans- ferred to the Buyer upon full payment of the purchase price. An accepted xxxx of exchange is not considered payment. However, the Buyer reserves the right to sell, within the normal parameters of business, goods that have not yet been paid for. In such cases, ownership rights are transferred to the Buyer upon receipt of the goods. The Seller reserves the right to invoke the ownership retention provision in order to reclaim its sold propertyprop- erty. The Seller may also deny the retail sale or installation of goods if the Buyer has any outstanding invoices from the Seller, or if insolvency proceedings have been started start- ed against the Buyer or the Buyer in some other way has demonstrated that its ability to make payments or its financial status has been compromised to the extent that the Buyer may not be able to make payments to the Seller. In such a case, the Buyer is obligated obli- (valid from 18.1.2021 indefinitely) gated to surrender the goods in question to the Seller at the Seller’s request. If the Buyer is unable to pay off outstanding invoices in cash, payment can be made in goods that have been transferred to the Buyer’s ownershipown- ership, provided that the Seller approves of this on a case-by-case basis.

Transfer of Ownership Rights. Ownership rights for the goods are transferred to the Buyer upon full payment of the purchase price. An accepted xxxx of exchange is not considered paymentpay- ment. However, the Buyer reserves the right to sell, within the normal parameters of business, goods that have not yet been paid for. In such cases, ownership own- ership rights are transferred to the Buyer upon receipt re- ceipt of the goods. The Seller reserves the right to invoke the ownership retention provision in order to reclaim its sold property. The Seller may also deny the retail sale or installation of goods if the Buyer has any outstanding invoices from the Seller, or if insolvency proceedings have been started against the Buyer or the Buyer in some other way has demonstrated that its ability to make payments or its financial status has been compromised to the extent that the Buyer may not be able to make payments to the Seller. In such a case, the Buyer is obligated to surrender the goods in question to the Seller at the Seller’s request. If the Buyer is unable to pay off outstanding invoices in cash, payment can be made in goods that have been transferred to the Buyer’s ownership, provided that the Seller approves of this on a case-by-case basis.

Transfer of Ownership Rights. Ownership rights for the goods are transferred trans- ferred to the Buyer upon full payment of the purchase price. An accepted xxxx of exchange is not considered payment. However, the Buyer reserves the right to sell, within the normal parameters of business, goods that have not yet been paid for. In such cases, ownership rights are transferred to the Buyer upon receipt of the goods. The Seller reserves the right to invoke the ownership retention provision in order to reclaim its sold propertyprop- erty. The Seller may also deny the retail sale or installation of goods if the Buyer has any outstanding invoices from the Seller, or if insolvency proceedings have been started against the Buyer or the Buyer in some other way has demonstrated that its ability to make payments or its financial status has been compromised to the extent that the Buyer may not be able to make payments to the Seller. In such a case, the Buyer is obligated obli- gated to surrender the goods in question to Electrical Supply Agreement 1.1.2022 (valid indefinitely) the Seller at the Seller’s request. If the Buyer is unable to pay off outstanding invoices in cash, payment can be made in goods that have been transferred to the Buyer’s ownershipown- ership, provided that the Seller approves of this on a case-by-case basis.