Retention of title: Difference between revisions

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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.
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.
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.




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* [[Retention]]
* [[Retention]]


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

Revision as of 20:36, 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 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