Retention of title

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Revision as of 15:44, 30 March 2016 by imported>Doug Williamson (First line made more open (fulfills certain obligations) source: https://www.insolvencydirect.bis.gov.uk/casehelpmanual/R/RetentionOfTitle.htm)
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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.


See also

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