Retention of Title: Difference between revisions
From Open Risk Manual
Wiki admin (talk | contribs) (Initial Entry) |
(No difference)
|
Latest revision as of 23:03, 10 February 2020
Definition
Retention of Title. It is a provision in a contract for the sale of products that the title to the products remains vested in the vendor until certain obligations (normally the payment of the purchase price) are fulfilled by the buyer. It is sometimes called a Romalpa clause in some jurisdictions. It is especially used in Germany.