Retention of title

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Revision as of 14:27, 20 August 2013 by imported>Doug Williamson (Spacing and category added 20/8/13)
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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 has paid the seller.

Also known as a Romalpa clause after the name of the legal case in which the validity of such clauses was first established in UK law.