Romalpa Sample Clauses

The Romalpa clause, also known as a retention of title clause, is designed to ensure that ownership of goods remains with the seller until the buyer has paid in full. In practice, this means that if a buyer takes possession of goods but fails to pay, the seller retains the legal right to reclaim those goods, even if they are in the buyer’s possession or have been resold. This clause is commonly used in supply contracts to protect sellers from the risk of non-payment, effectively providing a form of security interest in the goods until payment is complete.