Retention of title clauses

Retention of title clauses

Retention of title clauses (sometimes called Romalpa clauses after a leading British case) have long been an important part of contracts for the sale of goods, particularly when possession of the goods being sold is transferred before the purchase price is paid. Properly drafted retention of title clauses ensure ownership of the goods remains in the seller until the purchase price (or sometimes some other condition) is paid in full. Such clauses are critical to assist a seller recover goods if a buyer becomes insolvent.

Retention of title clauses (sometimes called Romalpa clauses after a leading British case) have long been an important part of contracts for the sale of goods, particularly when possession of the goods being sold is transferred before the purchase price is paid.  Properly drafted retention of title clauses ensure ownership of the goods remains in the seller until the purchase price (or sometimes some other condition) is paid in full.  Such clauses are critical to assist a seller recover goods if a buyer becomes insolvent.

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