Reservation of Title 1. The following collateral shall be granted to us until all the claims owing to us from the buyer, now or in the future, from the business relationship have been fulfilled: 2. The goods remain our property. Any processing or alteration shall always be made for us as the manufacturer, however with no obligation on our part. The buyer shall keep the items under our reservation of title at no charge on our behalf. 3. The buyer is entitled to process the goods subject to reservation of title in the ordinary course of business and to sell same provided that the buyer does not default. Pledging or collateral assignments are not permitted without our written consent. The same shall apply to surrender of the goods to third parties for use. As a precaution, the buyer assigns to us already at this point in full any claims arising from the resale of the goods or any other legal grounds. We revocably authorise the buyer to collect the claims assigned to us for our account in their own name, however. The collection authorisation may be revoked if the buyer does not properly meet their payment obligations. In this case, the buyer is obligated to provide us with all the information necessary for collecting the claim and handing us all the related documents. 4. In the event of third party access to the goods under reservation of title, in particular attachments, the buyer shall make reference to our reservation of title and notify us immediately so that we may assert our ownership rights. The cost of measures to remedy interventions in our reserved property shall be borne by the buyer. 5. If the taking out of fully comprehensive insurance cover was agreed, the buyer shall immediately conclude such for the duration of the reservation of title with an appropriate deductible with the proviso that the rights from the insurance policy accrue to us. The buyer authorises us to apply for an insurance certificate for the fully comprehensive vehicle insurance and to obtain information regar- ding the aforementioned insurance policy. If the buyer fails to meet this obligation despite our written warning, we shall take out a fully comprehensive insurance policy at the cost of the buyer, pay the insurance premiums and collect same as components of the claim arising from the purchase agreement. 6. The buyer has the duty to keep the item of the purchase in proper order during the period of the reservation of title and had to have all the service and repair work required by us professionally executed without delay or to have such executed by a repair shop authorised by us to maintain the item of purchase. 7. Should the buyer act in breach of the contract (in particular in respect of payment default), we shall be entitled to withdraw the goods under reservation of title or, if applicable, demand assignment of the buyer‘s surrender claims in respect of third parties. Our withdrawal, as well as attachment of the goods under reservation of title, does not constitute a withdrawal from the contract. 8. We shall release the collateral owing to us upon request by the buyer at our choice insofar as the value of the collateral exceeds the value of the claims by more than 20 % in the long term. 9. If the laws of the country in which the item of supply is located does not permit reservation of title, we shall be entitled to exercise all the rights that we can reserve in the item of supply. The buyer undertakes to assist in measures that we wish to take to protect our ownership right or, in its place, another right in relation to using the item of supply as collateral. 10. During the period of the reservation of title, the right to possess the registration certificate part II (vehicle registration document) accrues to us. 11. If the buyer fails to pay the purchase price due or the additional charges, or fails to pay same in accordance with the agreement, we shall have the right to withdraw from the contract and/or demand damage compensation in lieu of performance in the event of culpable breach of an obligation by the customer after having set an appropriate period of grace for performance for the customer. Setting a period of grace shall not be necessary for the cases determined by law. If we are entitled to damage compensation in lieu of performance and if we withdraw the item of purchase, the customary selling price of the item of purchase shall be paid by us on return. Upon request by the buyer, the customary selling price shall be determined by an officially appointed and certified expert. The buyer shall bear the costs of the return and the sale of the item of purchase. Without providing evidence, they shall amount to 5 % of the customary selling price; we may provide evidence of higher costs, and the buyer may provide evidence of lower costs, which shall then be used for the settlement.