Retention of title: Difference between revisions

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imported>Doug Williamson
(Amend reference to law in the UK.)
imported>Doug Williamson
(Amend to UK spelling.)
 
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''Law.''   
''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.
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 fulfils 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.
Also known as a ''reservation of title'' clause.
 
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 ==
== See also ==
* [[Clause]]
* [[Clause]]
* [[Retention]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]
[[Category:Compliance_and_audit]]

Latest revision as of 20:39, 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 fulfils certain obligations, usually payment of the purchase price.

Also known as a reservation of title clause.

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