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Cover of Company Directors: Duties, Liabilities and Remedies

Company Directors: Duties, Liabilities and Remedies

Edited by: Mark Arnold KC, Simon Mortimore KC
Price: £275.00

Lord Denning: Life, Law and Legacy



  


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 Stephanie Tozer, Cecily Crampin, Tricia Hemans
Practical guidance to relevant law & procedure


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Retention of Title: How to Keep Ownership of your Goods


ISBN13: 9781854187031
Published: May 2010
Publisher: Thorogood Publishing Ltd
Country of Publication: UK
Format: Paperback, A4
Price: £145.00



This is a Print On Demand Title.
The publisher will print a copy to fulfill your order. Books can take between 1 to 3 weeks. Looseleaf titles between 1 to 2 weeks.

How to keep ownership of your goods and recover them when a buyer goes under? There is a popular myth that buyers do not own goods until the buyer has paid.

This is legally wrong. Instead title passes on delivery, unless a clause has been agreed in a contract between the parties that title passes on payment. This briefing looks at how to protect your business to ensure when a customer goes out of business you can recover your goods rather than being left as an unsecured creditor, who usually receives nothing.

The law is complicated and badly drafted clauses often fail. Sometimes they are classed as a mortgage or charge and are void because they were not registered at Companies House. At other times the contract clause was never sent to the other party or not properly incorporated into the contract between the parties.

This briefing shows you how to draft such clauses to your commercial advantage, how to recover goods if a buyer goes out of business without paying and conveys the practical steps you need to take to improve your legal position. It also shows you how to protect yourself against future insolvency of a customer.