Common use of Reservation of Ownership Clause in Contracts

Reservation of Ownership. 10.1 Seller shall reserve the ownership in the object sold until Buyer has met all financial obligations. Seller is entitled to document Seller's ownership on the outside of the delivery item. Buyer shall comply with the required formal regulations to safeguard the reservation of ownership. In case of an attachment or any other recourse, Buyer shall be obliged to claim Seller's ownership and to inform the latter without delay.

Appears in 3 contracts

Samples: www.stabeg.at, www.k-industries.at, www.hinke.com

Reservation of Ownership. 10.1 Seller shall reserve the ownership in the object sold until Buyer has met all financial obligations. Seller is entitled to document docu- ment Seller's ownership on the outside of the delivery item. Buyer shall comply with the required formal regulations to safeguard the reservation of ownership. In case of an attachment or any other recourse, Buyer shall be obliged to claim Seller's ownership and to inform the latter without delay.

Appears in 2 contracts

Samples: www.kvt.technology, feiba.at