Litigation survival guide - part 3. Retention of title: sellers beware!
11.02.09
With the effect of the global credit crunch hitting national and international trade, sellers should take a close look at their standard terms and conditions of sale to ensure that they have a valid retention of title (ROT) clause. If not, sellers will be unable to recover the goods they have delivered if payment is not made.
Wragge & Co's experts provide practical tips on ROT clause essentials.
Related alerts
- Litigation survival guide - part 1. Escape to victory: points to consider when terminating a contract
- Litigation survival guide - part 2. Keep your friends close, keep your suppliers/customers closer - avoiding problems in the supply chain
- Litigation survival guide - part 3. Retention of title: sellers beware!
- Litigation survival guide - part 4. Winding-up your corporate debtor
- Litigation survival guide - part 5. Responding to the threat of winding-up
- Litigation survival guide - part 6. Regulatory breaches - steps in the right direction
- Litigation survival guide - part 7. Think before you claim
- Litigation survival guide - part 8. Cost-effective litigation
- Litigation survival guide - part 9. Privilege - top five Q&As
- Litigation survival guide - part 10. To use or not to use? That is the without prejudice question
- Litigation survival guide - part 11. Time is (recoverable) money. Recovering wasted staff and management time
- Litigation survival guide - part 12. Meeting your disclosure obligations
- Litigation survival guide - part 13. Offers to settle under Part 36
- Litigation survival guide - part 14. Mediation - do you have to and why should you?
- Litigation survival guide - part 15. Securing the costs of your litigation
- Litigation survival guide - part 16. That's settled then!
- Litigation survival guide - part 17. Keeping your settlement confidential
- Litigation survival guide - part 18. Putting payment terms under the microscope
Key Contact
James Gordon, partner, +44 (0)870 733 0592, james_gordon@wragge.com
This alert may contain information of general interest about current legal issues, but does not give legal advice.
