Retention of title (standard, or simple) clause


Published by a ³ÉÈËÓ°Òô Commercial expert
Precedents

Retention of title (standard, or simple) clause


Published by a ³ÉÈËÓ°Òô Commercial expert

Precedents
imgtext

    1. 1

      Title and risk

      1. 1.1

        Risk in the Goods will pass to the Buyer [on [Completion of] delivery OR when the Goods are transferred to the carrier].

      1. 1.2

        Title to the Goods will pass to the Buyer once the Seller has received [payment in full for the Goods OR payment in full for all debts owed by the Buyer to the Seller (including payment for the Goods) at any given time].

      1. 1.3

        Until title to the Goods has passed to the Buyer, the Buyer will:

        1. 1.3.1

          hold

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Key definition:
Retention definition
What does Retention mean?

Retention is a percentage of the sums payable by way of interim payment deducted by the employer and held until completion. Half of the retention is released on practical completion, the other half on the expiry of the defects liability period or issuance of a certificate of making good defects.

Read more readmore

Popular documents

Types of carrier of goods

Types of carrier of goodsThis Practice Note provides an introduction to two types of cargo carrier; common carriers and private carriers, and explains the key aspects of their respective liabilities under their contractual relationships. The Practice Note concerns the carriage of goods only, and not

Price variation clauses

Price variation clauses1Price variation (events prior to delivery of goods or products)Confirmed Price Date•means [insert number] days before [delivery of the [Products OR Goods]].1.1At any time prior to the Confirmed Price Date only, the Supplier may, by notice to the Customer, increase the Price

Carriage of goods by sea—the Hague-Visby Rules

Carriage of goods by sea—the Hague-Visby RulesThis Practice Note explains the Hague-Visby rules (the Rules) which are an international convention enacted into English law by the Carriage of goods by Sea Act 1971 (CGSA 1971) whose purpose is to regulate some of the most important rights and

If planning permission imposes restrictions on a licensed premises opening hours, once operational can

If planning permission imposes restrictions on a licensed premises opening hours, once operational can the personal licence holder apply for a Temporary Events Notice (TEN) to open for longer hours than those permitted in the planning permission?To use any property for a licensable activity both