Retention of Title: Taking back what’s yours?, March 2011
11.03.2011
A retention (or reservation) of title clause is a clause in an agreement whereby a party selling goods seeks to reserve to itself the title in those goods until certain conditions have been met by the buyer, usually payment. The key reason for including a retention of title clause is to give the seller of goods priority over secured and unsecured creditors of the buyer, should he becomes insolvent.
