Common use of Reservation of Proprietary Rights Clause in Contracts

Reservation of Proprietary Rights. 6.1 The delivered goods remain the property of the vendor until full payment has been made of all claims from the business relationship, including incidental claims, claims for compensation for damages and the cashing of cheques and bills. Authorised defect retentions in accordance with point 7.6, line 2 are taken into consideration. The reservation of proprietary rights also remains if individual claims of the vendor are recorded in a running account, balanced and recognised.

Appears in 9 contracts

Samples: Purchase Agreement, Purchase Agreement, Purchase Agreement

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