Retention of title: Difference between revisions
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imported>Doug Williamson (First line made more open (fulfills certain obligations) source: https://www.insolvencydirect.bis.gov.uk/casehelpmanual/R/RetentionOfTitle.htm) |
imported>Doug Williamson (Add link.) |
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== See also == | == See also == | ||
* [[Clause]] | * [[Clause]] | ||
* [[Retention]] | |||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
Revision as of 19:54, 3 September 2018
Law.
A retention of title clause is a term in a contract of sale providing that ownership of the goods will not pass to the buyer until the buyer fulfills certain obligations, usually payment of the purchase price.
Also known as a Romalpa clause after the name of the legal case in which the validity of such clauses was first established in law in the UK.
